Malcolm Wilson - Mar 7, 2024 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
Mar 7, 2024
Transactions value $
-$212,516
Form type
4
Date filed
3/11/2024, 08:37 PM
Previous filing
Dec 11, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +5.61K +6.68% $0.00 89.6K Mar 7, 2024 Direct
transaction GXO Common Stock Tax liability -$131K -2.64K -2.94% $49.88 87K Mar 7, 2024 Direct F1
transaction GXO Common Stock Options Exercise $0 +3.5K +4.03% $0.00 90.5K Mar 10, 2024 Direct
transaction GXO Common Stock Tax liability -$81K -1.65K -1.82% $49.20 88.8K Mar 11, 2024 Direct F2

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 -5.61K -25% $0.00 16.8K Mar 7, 2024 Common Stock 5.61K Direct F3, F4
transaction GXO Restricted Stock Units Award $0 +22.6K $0.00 22.6K Mar 7, 2024 Common Stock 22.6K Direct F3, F5
transaction GXO Restricted Stock Units Options Exercise $0 -3.5K -50% $0.00 3.5K Mar 10, 2024 Common Stock 3.5K Direct F3, F6
* 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 March 7, 2024, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 No shares were sold by the Reporting Person. These shares were withheld by GXO to fund tax liability attributable to the vesting and settlement of the RSUs reported on this Form 4. These RSUs vested on March 10, 2024 and were settled on March 11, 2024, as originally scheduled, and there were no related discretionary transactions or open market sales.
F3 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.
F4 These RSUs vest in four equal annual installments on March 7, 2024, March 7, 2025, March 7, 2026 and March 7, 2027, subject to the Reporting Person's continued employment with GXO.
F5 These RSUs vest in three equal annual installments on March 7, 2025, March 7, 2026 and March 7, 2027, subject to the Reporting Person's continued employment with the GXO.
F6 These RSUs vest in four equal annual installments on March 10, 2022, March 10, 2023, March 10, 2024 and March 10, 2025, subject to the Reporting Person's continued employment with GXO.