other material
confidence high
sentiment neutral
materiality 0.45
Gap amends 2024-2026 PRSUs for top execs; vests 100% at certification
GAP INC
- Amendment accelerates vesting of 2024-2026 PRSUs: previously 50% on certification date and 50% one year later, now 100% vests on certification.
- Affected NEOs: Dickson (315,893), O'Connell (103,652), Barbeito (162,882), Blakeslee (96,248), Breitbard (103,652).
- Payout range 0%-300% of target based on performance during 2024-2026 period.
- Amendment effective October 8, 2024; applies to all holders of 2024 PRSUs.