Malcolm Wilson - Mar 15, 2022 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role: Chief Executive Officer, Director
Signature: /s/ Karlis P. Kirsis, Attorney-in-Fact__
Stock symbol: GXO
Transactions as of: Mar 15, 2022
Transactions value $: -$984,093
Form type: 4
Date filed: 3/17/2022, 05:45 PM
Previous filing: Mar 14, 2022
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GXO	Common Stock	Options Exercise	$0	+30.5K	+150.21%	$0.00	50.7K	Mar 15, 2022	Direct
transaction	GXO	Common Stock	Tax liability	-$984K	-14.3K	-28.22%	$68.76	36.4K	Mar 15, 2022	Direct	F1

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	Options Exercise	$0	-30.5K	-50%	$0.00	30.4K	Mar 15, 2022	Common Stock	30.5K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on March 15, 2022, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2	Each RSU represents a contingent right to receive, upon settlement, either (i) one share of GXO Common Stock or (ii) a cash payment equal to the fair market value of one share of GXO Common Stock.
F3	The RSUs vest in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date, March 15, 2019, subject to the Reporting Person's continued employment with the Issuer.