Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GXO | Common Stock | Sale | -$278M | -3.22M | -21.26% | $86.40 | 11.9M | Dec 9, 2021 | See footnote | F1, F2 |
holding | GXO | Common Stock | 387K | Dec 9, 2021 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | GXO | Restricted Stock Units | 1.07K | Dec 9, 2021 | Common Stock | 1.07K | Direct | F3, F4 |
Id | Content |
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F1 | The sale reported in this Form 4 was automatically effected pursuant to a previously executed selling plan of Jacobs Private Equity, LLC ("JPE") that is intended to comply with Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended. The shares were sold by JPE for tax and estate planning purposes. |
F2 | JPE is the direct beneficial owner of these securities. Brad Jacobs is the Managing Member of JPE. |
F3 | Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of Common Stock, or (ii) a cash payment equal to the fair market value of one share of Common Stock. |
F4 | The RSUs shall vest in full on January 3, 2022, subject to the Reporting Person's continued services as a director of the Issuer. |