Paul Blanchett - 07 Mar 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Accounting Officer
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Issuer symbol
GXO
Transactions as of
07 Mar 2023
Net transactions value
$0
Form type
4
Filing time
09 Mar 2023, 17:38:36 UTC
Previous filing
12 Dec 2022
Next filing
14 Mar 2023
SEC
View on sec.gov

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 Award $0 +4,985 $0.000000 4,985 07 Mar 2023 Common Stock 4,985 Direct F1, F2
transaction GXO Restricted Stock Units Award $0 +9,969 $0.000000 9,969 07 Mar 2023 Common Stock 9,969 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("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.
F2 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.
F3 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 GXO.