Paul Blanchett - 07 Mar 2024 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 2024
Net transactions value
-$53,426
Form type
4
Filing time
11 Mar 2024, 20:50:04 UTC
Previous filing
11 Dec 2023
Next filing
19 Mar 2024
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 +1,246 +11% $0.000000 12,611 07 Mar 2024 Direct
transaction GXO Common Stock Tax liability $32,123 -644 -5.1% $49.88 11,967 07 Mar 2024 Direct F1
transaction GXO Common Stock Options Exercise $0 +934 +7.8% $0.000000 12,901 10 Mar 2024 Direct
transaction GXO Common Stock Tax liability $21,304 -433 -3.4% $49.20 12,468 11 Mar 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 -1,246 -25% $0.000000 3,739 07 Mar 2024 Common Stock 1,246 Direct F3, F4
transaction GXO Restricted Stock Units Award $0 +5,017 $0.000000 5,017 07 Mar 2024 Common Stock 5,017 Direct F3, F5
transaction GXO Restricted Stock Units Options Exercise $0 -934 -50% $0.000000 932 10 Mar 2024 Common Stock 934 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 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.