Chan Eric Kayen 4

What Happened
Eric Kayen (Chief Business & Strategy Officer) was granted 71,627 restricted stock units (RSUs) by Gap Inc on March 16, 2026. The award is reflected as a derivative acquisition at $0.00 per unit (no cash paid). Under the grant terms, each RSU represents a contingent right to receive one share of GAP common stock when vested.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-17 (timely filing).
• Transaction type/code: Award/Grant (A); 71,627 RSUs granted at $0.00.
• Vesting: The RSUs vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 clarifies one RSU = right to one share; F2 gives the vesting schedule.
• No sale or purchase of shares occurred—this is a compensation award, not an open-market trade.

Context
RSU grants are common executive compensation and are typically intended for retention and incentive; they do not represent immediate ownership of shares until they vest. Taxes and potential withholding typically apply when RSUs vest and shares are delivered. This award should be viewed as a compensation action rather than a direct bullish or bearish trading signal.