Clare Chatfield - Jan 2, 2024 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Director
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Stock symbol
GXO
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 05:16 PM
Previous filing
Jan 4, 2023
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +4.45K +415% $0.00 5.53K Jan 3, 2024 Direct
transaction GXO Common Stock Options Exercise $0 +2.12K +38.36% $0.00 7.65K Jan 3, 2024 Direct

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 -4.45K -100% $0.00* 0 Jan 3, 2024 Common Stock 4.45K Direct F1, F2
transaction GXO Restricted Stock Units Options Exercise $0 -2.12K -100% $0.00* 0 Jan 3, 2024 Common Stock 2.12K Direct F1, F3
transaction GXO Restricted Stock Units Award $0 +1.28K $0.00 1.28K Jan 2, 2024 Common Stock 1.28K Direct F1, F4
* 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 The RSUs vested in full on January 3, 2024.
F3 The RSUs vested in full on January 3, 2023 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F4 The RSUs shall vest in full on January 2, 2025, subject to the Reporting Person's continued service as a director of GXO.