Paul Blanchett - Dec 8, 2022 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Accounting Officer
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Stock symbol
GXO
Transactions as of
Dec 8, 2022
Transactions value $
-$120,857
Form type
4
Date filed
12/12/2022, 04:04 PM
Previous filing
Dec 6, 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 +5.94K +150.23% $0.00 9.89K Dec 8, 2022 Direct
transaction GXO Common Stock Tax liability -$121K -2.75K -27.82% $43.90 7.14K Dec 8, 2022 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 -5.94K -50% $0.00 5.94K Dec 8, 2022 Common Stock 5.94K 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 and were settled on December 8, 2022, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 Each RSU represents a contingent right to receive, upon settlement, one share of GXO Common Stock.
F3 The RSUs vest 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 the Issuer.