Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GPS | Common Stock | Options Exercise | $0 | +88.6K | +75.91% | $0.00 | 205K | Mar 16, 2022 | Direct | |
transaction | GPS | Common Stock | Tax liability | -$650K | -41.9K | -20.38% | $15.52 | 164K | Mar 16, 2022 | Direct |
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 | -88.6K | -24.82% | $0.00 | 268K | Mar 16, 2022 | Common Stock | 88.6K | $0.00 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. |
F2 | On March 16, 2020, the reporting person was granted 194,578 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility. 8,666 shares were previously withheld for mandatory tax withholding on these restricted stock units upon retirement eligibility (Form 4 filed 12/21/2021). |