OREN SHAFFER - 03 Jan 2022 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Director
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Issuer symbol
GXO
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 16:59:06 UTC
Previous filing
11 Aug 2021
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GXO Common Stock 31,136 03 Jan 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GXO Restricted Stock Units Award $0 +2,120 $0.000000 2,120 03 Jan 2022 Common Stock 2,120 Direct F1, F2
holding GXO Restricted Stock Units 3,527 03 Jan 2022 Common Stock 3,527 Direct F1, F3, F4
holding GXO Restricted Stock Units 5,260 03 Jan 2022 Common Stock 5,260 Direct F1, F3, F5
holding GXO Restricted Stock Units 7,145 03 Jan 2022 Common Stock 7,145 Direct F1, F3, F6
holding GXO Restricted Stock Units 4,554 03 Jan 2022 Common Stock 4,554 Direct F1, F3, F7
holding GXO Restricted Stock Units 8,730 03 Jan 2022 Common Stock 8,730 Direct F1, F3, F8
holding GXO Restricted Stock Units 14,296 03 Jan 2022 Common Stock 14,296 Direct F1, F3, F9
holding GXO Restricted Stock Units 9,361 03 Jan 2022 Common Stock 9,361 Direct F1, F3, F10
holding GXO Restricted Stock Units 5,497 03 Jan 2022 Common Stock 5,497 Direct F1, F3, F11
holding GXO Restricted Stock Units 5,497 03 Jan 2022 Common Stock 5,497 Direct F1, F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of GXO Logistics, Inc. ("GXO") common stock, par value $0.01 per share ("GXO Common Stock"), or (ii) a cash payment equal to the fair market value of one share of GXO Common Stock.
F2 The RSUs shall vest in full on January 3, 2023, subject to the Reporting Person's continued service as a director of the Issuer.
F3 On August 2, 2021, XPO Logistics, Inc. ("XPO") completed a prorata spinoff distribution ("Distribution") of all of its shares of GXO Common Stock, to the holders of record of XPO common stock, par value $0.001 per share ("XPO Common Stock"), on July 23, 2021. In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of August 1, 2021, by and between XPO and GXO, all outstanding equity awards with respect to XPO Common Stock held by the Reporting Person were equitably adjusted and converted into equity awards with respect to GXO Common Stock, with such equitable adjustments determined based on (i) the closing price of a share of XPO Common Stock on the close of trading on July 30, 2021 and (ii) the closing price of a share of GXO Common Stock on August 2, 2021.
F4 The RSUs vested in full on January 3, 2022 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F5 The RSUs vested in full on January 4, 2021 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F6 The RSUs vested in full on January 2, 2020 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F7 The RSUs vested in full on January 2, 2019 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F8 The RSUs vested in full on January 3, 2018 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F9 The RSUs vested in full on January 4, 2017 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F10 The RSUs vested in full on January 2, 2016 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F11 The RSUs vested in full on January 2, 2015 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F12 The RSUs vested in full on December 11, 2013 and are subject to a deferral election. Shares of GXO Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.