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Consumer & Retail

Gap Inc Executive Compensation (FY25)

GAP · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Richard Dickson
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 30, 2026Latest filing (8-K): May 15, 2026
14 filings cited on this page
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346 figures on this page: 336 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Richard Dickson: $19,426,846 → $17,185,636 (11.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Gap Inc's chief executive and what were they paid?
Richard Dickson was paid $17,185,636 in total compensation as President and CEO, Gap Inc. for fiscal 2025. Dickson's total was 11.5% lower than the $19,426,846 reported for fiscal 2024.
What was Gap Inc's say-on-pay result?
Shareholders recorded 94.3% support for the say-on-pay proposal at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Gap Inc's peer group?
Companies named in the disclosed peer group include American Eagle, Best Buy, Foot Locker, Kohl's and Levi Strauss & Co., among others.
What is Gap Inc's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 1,690:1, against median employee compensation of $10,170.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sonia Syngal
Former CEO, Gap Inc.
Departed during or after this year
◇—◇◇——◇◇
Bob Martin
Interim CEO, Gap Inc.
Served on an interim basis
◇—◇———◇◇
Horacio Barbeito
President and CEO, Old Navy
◇◇◇———◇◇
Nancy Green
Former President and CEO, Old Navy
Departed during or after this year
◇—◇◇——◇◇
Sandra Stangl
President and CEO, Banana Republic
◇◇◇◇——◇◇
Mark Breitbard
President and CEO, Gap Brand
◇—◇◇——◇◇
Katrina O'Connell
EVP and CFO, Gap Inc.
◇—◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Dickson
President and CEO, Gap Inc.
◇—◇—◇—◇◇
Horacio Barbeito
President and CEO, Old Navy
◇◇◇—◇—◇◇
Katrina O'Connell
EVP and CFO, Gap Inc.
◇—◇—◇—◇◇
Mark Breitbard
President and CEO, Gap Brand
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Dickson
President and CEO, Gap Inc.
◇◇◇—◇—◇◇
Horacio Barbeito
President and CEO, Old Navy
◇◇◇—◇—◇◇
Mark Breitbard
President and CEO, Gap Brand
◇—◇—◇—◇◇
Katrina O'Connell
EVP and CFO, Gap Inc.
◇—◇—◇—◇◇
Chris Blakeslee
President and CEO, Athleta
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Dickson
President and CEO, Gap Inc.
◇◇◇—◇—◇◇
Horacio Barbeito
President and CEO, Old Navy
◇—◇—◇—◇◇
Mark Breitbard
President and CEO, Gap Brand
◇—◇—◇—◇◇
Katrina O'Connell
EVP and CFO, Gap Inc.
◇—◇—◇—◇◇
Eric Chan
EVP and Chief Business and Strategy Officer, Gap Inc.
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eric ChanRSU◇——◇——◇
Eric ChanPSU◇◇◇—◇—◇
Horacio BarbeitoRSU◇——◇——◇
Horacio BarbeitoPSU◇◇◇—◇—◇
Katrina O'ConnellPSU◇◇◇—◇—◇
Katrina O'ConnellRSU◇——◇——◇
Mark BreitbardPSU◇◇◇—◇—◇
Mark BreitbardRSU◇——◇——◇
Richard DicksonPSU◇◇◇—◇—◇
Richard DicksonRSU◇——◇——◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Richard DicksonRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Horacio BarbeitoRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mark BreitbardRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/14/2032
RSU◇◇——
Katrina O'ConnellRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/14/2032
RSU◇◇——
Eric ChanPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Horacio Barbeito
President and CEO, Old Navy · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Katrina O'Connell
EVP and CFO, Gap Inc. · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Mark Breitbard
President and CEO, Gap Brand · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Richard Dickson
President and CEO, Gap Inc. · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mayo A. Shattuck III
Board chair
◇◇———◇◇
Amy Miles
◇◇———◇◇
Robert J. Fisher
◇◇———◇◇
Elisabeth B. Donohue
◇◇———◇◇
Chris O'Neill
◇◇———◇◇
Tariq Shaukat
◇◇———◇◇
Salaam Coleman
◇◇———◇◇
Kathryn Hall
◇◇———◇◇
William S. Fisher
◇◇———◇◇
Salaam Coleman Smith
◇◇———◇◇
Brady Brewer
◇◇———◇◇
Jody Gerson
◇◇———◇◇
Bob L. Martin
◇————◇◇
Tracy Gardner
◇————◇◇
Richard Dickson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Eagle AIG
  • Best Buy BBY
  • Foot Locker FL
  • Kohl's KSS
  • Levi Strauss & Co. LEVI
  • Lululemon Athletica LULU
  • Macy's M
  • Marriott International MAR
  • Nordstrom JWN
  • PVH Corp. PVH
  • Ralph Lauren RL
  • Ross Stores ROST
  • Skechers SKX
  • Starbucks SBUX
  • The TJX Companies TJX
  • Ulta Beauty ULTA
  • V.F. Corp. VFC
  • Victoria's Secret VSXY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 7, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Richard Dickson (President and CEO, Gap Inc.), FY2025 total compensation $17,185,636 (base salary $1,400,000) [exec_comp, SEC accession 0001628280-26-021740, filed 2026-03-27]

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What this page does not include

Everything above is a fact Gap Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Gap Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
346 figures on this page: 336 cited to the filing that reported them, 10 calculated from figures it prints.
336 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001628280-26-035613
    30, 2027, was duly ratified. 3.
  2. 0001628280-26-021740
    2025 CEO Pay Ratio · 2025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · and 1 more section
  4. 0000039911-25-000070
    31, 2026, was duly ratified. 3.
  5. 0000039911-25-000063
    COMPENSATION OF DIRECTORS · Summary Compensation Table
  6. 0000039911-24-000118
  7. 0000039911-23-000035
  8. 0001564590-23-004649
    2022 Summary Compensation Table
  9. 0000039911-22-000023
  10. 0000039911-21-000055
  11. 0000039911-20-000061
  12. 0000039911-19-000056
  13. 0000039911-18-000081
  14. 0000039911-17-000073
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Velarion, “Gap Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GAP (accessed 2026).
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Gap Inc discloses

The companies named in GAP's own disclosed peer group.

American EagleBest BuyFoot LockerKohl'sLevi Strauss & Co.Lululemon AthleticaMacy'sMarriott InternationalNordstromPVH Corp.Ralph LaurenRoss StoresSkechersStarbucksThe TJX CompaniesUlta BeautyV.F. Corp.Victoria's Secret

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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