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

Role: Chief Human Resources Officer
Signature: /s/ Karlis P. Kirsis, Attorney-in-Fact
Stock symbol: GXO
Transactions as of: Jan 15, 2023
Transactions value $: -$28,760
Form type: 4
Date filed: 1/18/2023, 04:09 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	+1.12K	+11.44%	$0.00	10.9K	Jan 15, 2023	Direct
transaction	GXO	Common Stock	Tax liability	-$28.8K	-540	-4.97%	$53.26	10.3K	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	-1.12K	-100%	$0.00^*	0	Jan 15, 2023	Common Stock	1.12K		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.