Malcolm Wilson - Dec 8, 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Executive Officer, Director
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Stock symbol
GXO
Transactions as of
Dec 8, 2023
Transactions value $
-$455,354
Form type
4
Date filed
12/11/2023, 06:53 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 +16.9K +22.54% $0.00 92K Dec 8, 2023 Direct
transaction GXO Common Stock Tax liability -$455K -7.95K -8.65% $57.27 84K 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 -16.9K -100% $0.00* 0 Dec 8, 2023 Common Stock 16.9K 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.