{"schema_version":"secwatch.filing_event.v1","accession":"0000039911-24-000137","form_type":"8-K","ticker":"GAP","cik":"0000039911","company_name":"GAP INC","filed_at":"2024-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.608034+00:00","generated_at":"2026-06-01T00:52:55.942823+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"The Gap adopts new executive severance plan covering 4 named officers effective July 1, 2024","bullets":["Plan covers Katrina O'Connell, Horacio Barbeito, Chris Blakeslee, and Mark Breitbard.","Severance for non-CIC termination: 18 months salary (offset by other compensation), prorated bonus, COBRA subsidy, accelerated RSU vesting.","For termination within 18 months after Change in Control: 2x base + target bonus lump sum, prorated bonus, full acceleration of equity.","Plan replaces individual severance arrangements expiring June 30, 2024; plan expires June 30, 2029."],"urls":{"canonical":"https://secwatch.observer/filing/0000039911-24-000137","json":"https://secwatch.observer/filing/0000039911-24-000137.json","markdown":"https://secwatch.observer/filing/0000039911-24-000137.md","text":"https://secwatch.observer/filing/0000039911-24-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39911/000003991124000137/0000039911-24-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39911/000003991124000137/gps-20240628.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:52:55.942823+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}