Gap Inc Director Gerson Jody Receives 251.392-Share Award

What Happened

• Gerson Jody, a director of Gap Inc. (GAP), was awarded 251.392 dividend-equivalent stock units on 2026-09-15. The award is reported as an "A" (award/grant) with a reported acquisition price of $0.00 and is a derivative award (dividend equivalents tied to stock units).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely).
• Shares/units granted: 251.392; reported price: $0.00 (no cash paid).
• Nature of award: dividend equivalent rights that are the economic equivalent of one share each (Footnote F1).
• Vesting/delivery: the dividend equivalents accrued on stock units originally granted 2025-09-15 and are immediately vested; actual delivery of vested shares is deferred and will not occur earlier than three years from the original grant date (i.e., on or after 2028-09-15), unless earlier upon cessation of board service (Footnote F2).
• Shares owned after the transaction: not specified in the filing.
• Footnote F3: not applicable.

Context

• This is an award (derivative/compensation) rather than a purchase or sale, so it does not indicate an open-market investment by the director. The award creates a future entitlement to shares (or equivalent value) under Gap's compensation/deferral rules and may be delivered later or upon leaving the board.