Tracy Gardner - 30 Jun 2024 Form 4 Insider Report for GAP INC (GAP)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
01 Jul 2024, 19:22:39 UTC
Prior SEC filing
05 Jul 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: De Anna Mekwunye, Power of Attorney For: Tracy Gardner

Key filing fact

Tracy Gardner filed Form 4 for GAP INC (GAP) on 01 Jul 2024.

Key facts

  • This page summarizes Tracy Gardner's Form 4 filing for GAP INC (GAP).
  • 7 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 01 Jul 2024, 19:22.

Change

  • Previous filing in this sequence was filed on 05 Jul 2023.
  • Current net transaction value: -$68,890.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GPS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+816
Change %
+1.7%
Price
$0.000000
Shares after
49,783
Date
30 Jun 2024
Ownership
Direct
GPS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,052
Change %
+10%
Price
$0.000000
Shares after
54,835
Date
30 Jun 2024
Ownership
Direct
GPS transaction

Common Stock

Sale

Transaction value
$68,890
Shares
-2,934
Change %
-5.4%
Price
$23.48
Shares after
51,901
Date
01 Jul 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GPS transaction Derivative

Dividend Equivalent Rights

Award

Transaction value
$0
Shares
+1,175
Change %
+57%
Price
$0.000000
Shares after
3,234
Date
30 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,175
Exercise price
$0.000000
Footnotes
F1, F2, F3
GPS transaction Derivative

Dividend Equivalent Rights

Options Exercise

Transaction value
$0
Shares
-817
Change %
-25%
Price
$0.000000
Shares after
2,417
Date
30 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
817
Exercise price
$0.000000
Footnotes
F1, F3, F4
GPS transaction Derivative

Stock Units

Award

Transaction value
$0
Shares
+7,115
Change %
+16%
Price
$0.000000
Shares after
51,834
Date
30 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,115
Exercise price
$0.000000
Footnotes
F3, F5, F6
GPS transaction Derivative

Stock Units

Options Exercise

Transaction value
$0
Shares
-5,052
Change %
-9.7%
Price
$0.000000
Shares after
46,782
Date
30 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,052
Exercise price
$0.000000
Footnotes
F3, F5, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.

Footnote F2

The dividend equivalent rights accrued on stock units originally granted on June 30, 2021, June 30, 2022, and 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.

Footnote F3

Not applicable.

Footnote F4

These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2021.

Footnote F5

Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.

Footnote F6

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.

Footnote F7

These shares were issued in settlement of stock units granted on June 30, 2021.

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