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AI brief of an SEC Form 8-K · Gap (GAP)

Gap Inc. amends executive performance share awards to vest fully on certification date

Neutral Impact 2 of 5 leadership Written later

Gap Inc. approved an amendment on October 8, 2024, changing its fiscal 2024-2026 performance-based restricted stock units so that any earned portion vests 100% on the date the Compensation Committee certifies results, instead of 50% at certification and 50% one year later. The change applies to all holders, including five named executive officers, and the filing does not state a financial impact.

Key points

  • Amendment approved October 8, 2024 for the 2024 PRSUs covering the fiscal 2024-2026 performance period
  • Named executive officers include Richard Dickson, Katrina O'Connell, Horacio Barbeito, Chris Blakeslee and Mark Breitbard
  • Target shares: 315,893 for Dickson; 103,652 for O'Connell; 162,882 for Barbeito; 96,248 for Blakeslee; 103,652 for Breitbard
  • Payout may range from 0% to 300% of target depending on performance results

The filing

CompanyGap (GAP)
Form8-K, current report
Filed with the SECOct 11, 2024, 4:18 PM ET
Accession number0000039911-24-000192

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 11, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.