Maryclaire Hammond - 08 Dec 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Human Resources Officer
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Issuer symbol
GXO
Transactions as of
08 Dec 2023
Net transactions value
-$86,077
Form type
4
Filing time
11 Dec 2023, 19:01:58 UTC
Previous filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +3,197 +29% $0.000000 14,190 08 Dec 2023 Direct
transaction GXO Common Stock Tax liability $86,077 -1,503 -11% $57.27 12,687 08 Dec 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 -3,197 -100% $0.000000* 0 08 Dec 2023 Common Stock 3,197 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Maryclaire Hammond is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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.