An announcement from Gap Inc ( (GAP) ) is now available.
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The Gap, Inc. has made a significant change to its executive compensation policy by amending the vesting terms of performance-based restricted stock units (2024 PRSUs) for the fiscal 2024-2026 period. Now, the earned awards will become fully vested on the date the company’s performance is certified, accelerating the vesting schedule for top executives. This adjustment means that named executive officers, including Richard Dickson and Katrina O’Connell, could see their stock awards – which range from 0 to 300% of the target based on performance – vest immediately upon certification, rather than over a two-year period as previously outlined.
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