Sheila Peters - 14 Mar 2023 Form 4 Insider Report for GAP INC (GAP)

Role
EVP & Chief People Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Issuer symbol
GAP
Transactions as of
14 Mar 2023
Net transactions value
-$29,884
Form type
4
Filing time
16 Mar 2023, 19:42:09 UTC
Previous filing
15 Mar 2023
Next filing
27 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +5,158 +26% $0.000000 25,278 14 Mar 2023 Direct F1
transaction GPS Common Stock Tax liability $17,485 -1,752 -6.9% $9.98 23,526 14 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +537 +2.3% $0.000000 24,063 14 Mar 2023 Direct
transaction GPS Common Stock Tax liability $5,359 -537 -2.2% $9.98 23,526 14 Mar 2023 Direct F2
transaction GPS Common Stock Options Exercise $0 +1,807 +7.7% $0.000000 25,333 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $5,674 -582 -2.3% $9.75 24,751 15 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +437 +1.8% $0.000000 25,188 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $1,365 -140 -0.56% $9.75 25,048 15 Mar 2023 Direct

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 Restricted Stock Unit Options Exercise $0 -5,158 -5.5% $0.000000 88,156 14 Mar 2023 Common Stock 5,158 $0.000000 Direct F3, F4
transaction GPS Restricted Stock Unit Options Exercise $0 -537 -0.61% $0.000000 87,619 14 Mar 2023 Common Stock 537 $0.000000 Direct F3, F5
transaction GPS Restricted Stock Unit Options Exercise $0 -1,807 -2.1% $0.000000 85,812 15 Mar 2023 Common Stock 1,807 $0.000000 Direct F3, F6
transaction GPS Restricted Stock Unit Options Exercise $0 -437 -0.51% $0.000000 85,375 15 Mar 2023 Common Stock 437 $0.000000 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
F2 Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
F3 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 On March 14, 2022, the reporting person was granted 20,632 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F5 The restricted stock units granted March 14, 2022 for which the reporting person is retirement eligible vest 5,158 shares on each of March 14, 2024, March 14, 2025 and March 14, 2026. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for one year following the grant date.
F6 On March 15, 2021, the reporting person was granted 8,068 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Vesting (but not distribution) of 210 shares was accelerated for tax withholding upon the anniversary of the grant date due to retirement eligibility.
F7 On March 15, 2021, the reporting person was granted 960 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) of 43 shares was accelerated for tax withholding on November 15, 2022 due to retirement eligibility.