Green Nancy 4
4 · GAP INC · Filed Dec 21, 2021
Insider Transaction Report
Form 4
GAP INCGPS
Green Nancy
President and CEO, Old Navy
Transactions
- Tax Payment
Common Stock
2021-12-18$16.82/sh−11,399$191,731→ 112,877 total - Exercise/Conversion
Restricted Stock Unit
2021-12-18−11,399→ 303,933 totalExercise: $0.00→ Common Stock (11,399 underlying) - Exercise/Conversion
Common Stock
2021-12-18+11,399→ 124,276 total
Footnotes (4)
- [F1]Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F3]The restricted stock units for which the reporting person is retirement eligible vest 26,206 shares on March 18, 2022, 97,289 shares on each of March 16, 2022 and March 16, 2023, 20,000 shares on July 15, 2022 and 5,043 shares on each of October 8, 2022, October 8, 2023 and October 8, 2024. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for at least one year following the grant date.
- [F4]Not applicable.