secwatch.observer — SEC 8-K summary
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Issuer:     GAP INC (GAP)
CIK:        0000039911
Form:       8-K/A
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000039911-22-000060
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39911/000003991122000060/0000039911-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39911/000003991122000060/gps-20220711.htm
  HTML page:      https://secwatch.observer/filing/0000039911-22-000060

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