Jason D. Papastavrou - 02 Jan 2024 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
02 Jan 2024
Net transactions value
$0
Form type
4
Filing time
04 Jan 2024, 17:11:12 UTC
Previous filing
04 Jan 2023
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +4,453 +210% $0.000000 6,573 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +3,527 +54% $0.000000 10,100 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +5,260 +52% $0.000000 15,360 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +4,554 +30% $0.000000 19,914 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +8,730 +44% $0.000000 28,644 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +14,296 +50% $0.000000 42,940 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +9,361 +22% $0.000000 52,301 03 Jan 2024 Direct
transaction GXO Common Stock Options Exercise $0 +5,497 +11% $0.000000 57,798 03 Jan 2024 Direct
holding GXO Common Stock 180,208 02 Jan 2024 See footnote 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 -4,453 -100% $0.000000* 0 03 Jan 2024 Common Stock 4,453 Direct F2, F3
transaction GXO Restricted Stock Units Options Exercise $0 -3,527 -100% $0.000000* 0 03 Jan 2024 Common Stock 3,527 Direct F2, F4
transaction GXO Restricted Stock Units Options Exercise $0 -5,260 -100% $0.000000* 0 03 Jan 2024 Common Stock 5,260 Direct F2, F5
transaction GXO Restricted Stock Units Options Exercise $0 -4,554 -100% $0.000000* 0 03 Jan 2024 Common Stock 4,554 Direct F2, F6
transaction GXO Restricted Stock Units Options Exercise $0 -8,730 -100% $0.000000* 0 03 Jan 2024 Common Stock 8,730 Direct F2, F7
transaction GXO Restricted Stock Units Options Exercise $0 -14,296 -100% $0.000000* 0 03 Jan 2024 Common Stock 14,296 Direct F2, F8
transaction GXO Restricted Stock Units Options Exercise $0 -9,361 -100% $0.000000* 0 03 Jan 2024 Common Stock 9,361 Direct F2, F9
transaction GXO Restricted Stock Units Options Exercise $0 -5,497 -100% $0.000000* 0 03 Jan 2024 Common Stock 5,497 Direct F2, F10
transaction GXO Restricted Stock Units Award $0 +1,282 $0.000000 1,282 02 Jan 2024 Common Stock 1,282 Direct F2, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Springer Wealth Management LLC is the direct beneficial owner of these securities. Jason D. Papastavrou is the owner of 100% of the equity of Springer Wealth Management LLC.
F2 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.
F3 The RSUs vested in full on January 3, 2024.
F4 The RSUs vested in full on January 3, 2022 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F5 The RSUs vested in full on January 4, 2021 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F6 The RSUs vested in full on January 2, 2019 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F7 The RSUs vested in full on January 3, 2018 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F8 The RSUs vested in full on January 4, 2017 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F9 The RSUs vested in full on January 2, 2016 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F10 The RSUs vested in full on December 11, 2013 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F11 The RSUs shall vest in full on January 2, 2025, subject to the Reporting Person's continued service as a director of GXO.