Karlis Kirsis - Dec 8, 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: Dec 8, 2023
Transactions value $: -$184,467
Form type: 4
Date filed: 12/11/2023, 06:57 PM
Previous filing: Mar 16, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GXO	Common Stock	Options Exercise	$0	+6.85K	+24.78%	$0.00	34.5K	Dec 8, 2023	Direct
transaction	GXO	Common Stock	Tax liability	-$184K	-3.22K	-9.33%	$57.27	31.3K	Dec 8, 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	-6.85K	-100%	$0.00^*	0	Dec 8, 2023	Common Stock	6.85K		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 GXO Logistics, Inc. ("GXO") 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 December 8, 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 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 two equal annual installments on the second and third anniversaries of the grant date, December 8, 2020, subject to the Reporting Person's continued employment with GXO.