Tariq M. Shaukat - Jun 30, 2024 Form 4 Insider Report for GAP INC (GPS)

Role
Director
Signature
By: De Anna Mekwunye; Power of Attorney For: Tariq Shaukat
Stock symbol
GPS
Transactions as of
Jun 30, 2024
Transactions value $
$0
Form type
4
Date filed
7/1/2024, 05:19 PM
Previous filing
May 8, 2024
Next filing
Jul 30, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPS Dividend Equivalent Rights Award $0 +478 $0.00 478 Jun 30, 2024 Common Stock 478 $0.00 Direct F1, F2, F3
transaction GPS Stock Units Award $0 +7.12K +37.38% $0.00 26.2K Jun 30, 2024 Common Stock 7.12K $0.00 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
F2 The dividend equivalent rights accrued on stock units originally granted on June 30, 2023, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F3 Not applicable.
F4 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F5 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.