Gerspach John C

In March 2022, John C. Gerspach's quarterly stock grant was still recorded under Alliance Data Systems Corp — 538 shares, routine and unremarkable. By June, the same recurring grant carried a new corporate name: Bread Financial Holdings, Inc., 2,650 shares. The company had rebranded; Gerspach's board seat, and the quarterly grants that come with it, carried straight through without interruption. Zoom out, and that continuity defines the more recent chapter of his record: an insider relationship that has run since June 2020, survived the 2022 name change, and remains active today — his most recent transaction, a 730-share grant, landed on July 15, 2026. It stands in sharp contrast to his history at Citigroup, where activity stopped entirely after February 2019: 105 transactions there produced 1,353,703 shares sold against 78,000 bought, a scale many times larger than anything in his current record but frozen in place for over seven years. At Bread Financial, one genuine open-market purchase stands out — 5,000 shares at $38.5383 on August 5, 2022 — against a backdrop of otherwise purely quarterly grants, including a notably larger award every June that has actually shrunk over time (4,932 shares in 2023, 3,473 in 2024, down to 1,638 in 2026).