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Gap's CEO just cashed-in 2,417 options

Arthur L Peck, Gap's CEO and a director of the company, recently cashed-in 2,417 options. The options were exercised at $0.00, while the disposals took place at $25.23 per share, on November 15, 2015. Peck continues to hold 129,260 shares of the company. Peck operates out of San Francisco, CA. Some additional info was provided as follows:

Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. Each Performance Share represents a...