secwatch.observer — SEC 8-K summary
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Issuer:     GAP INC (GAP)
CIK:        0000039911
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000039911-24-000192
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gap amends 2024-2026 PRSUs for top execs; vests 100% at certification
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39911/000003991124000192/0000039911-24-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39911/000003991124000192/gps-20241008.htm
  HTML page:      https://secwatch.observer/filing/0000039911-24-000192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer