Gap discloses Interim CEO Bob L. Martin compensation: $1.4M salary, quarterly RSU grants

GAP INC

Interim CEO Bob L. Martin effective July 11, 2022; annual base salary $1.4M, target bonus 100%.
Initial RSU award of 292,134 units vesting in one year; eligible for quarterly $1.95M RSU grants.
At-will employment; termination without cause, death, disability or non-reelection accelerates vesting.
No severance benefits under Gap Inc. Executive Transition Benefits Plan.

item 5.02 item 9.01

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Appointed (interim)

Bob L. Martin

Interim Chief Executive Officer

GAP · GAP INC

Effective: 2022-07-11
Filed: August 3, 2022, 7:59 PM ET

On July 11, 2022, The Gap, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original 8-K") announcing the appointment of Bob L. Martin as the Company's Interim Chief Executive Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Bob L. Martin was appointed as Interim Chief Executive Officer at GAP INC.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On July 11, 2022, The Gap, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original 8-K") announcing the appointment of Bob L. Martin as the Company's Interim Chief Executive Officer.

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Source: SEC EDGAR

accession 0000039911-22-000060

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