Karlis Kirsis - Jan 15, 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Legal Officer
Signature
/s/ Karlis P. Kirsis
Stock symbol
GXO
Transactions as of
Jan 15, 2023
Transactions value $
-$40,105
Form type
4
Date filed
1/18/2023, 04:07 PM
Previous filing
Dec 12, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +1.6K +6.63% $0.00 25.8K Jan 15, 2023 Direct
transaction GXO Common Stock Tax liability -$40.1K -753 -2.92% $53.26 25K Jan 17, 2023 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 -1.6K -100% $0.00* 0 Jan 15, 2023 Common Stock 1.6K 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 on January 15, 2023, and were settled on January 17, 2023, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 Each 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 three equal annual installments on the first, second, and third anniversaries of the grant date, January 15, 2020, subject to the Reporting Person's continued employment with the Issuer.