Elizabeth Fogarty - Sep 1, 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Communications Officer
Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Stock symbol
GXO
Transactions as of
Sep 1, 2023
Transactions value $
-$42,517
Form type
4
Date filed
9/6/2023, 05:05 PM
Previous filing
Apr 4, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +1.41K +111.94% $0.00 2.66K Sep 1, 2023 Direct
transaction GXO Common Stock Tax liability -$42.5K -652 -24.49% $65.21 2.01K Sep 1, 2023 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 -1.41K -50.02% $0.00 1.41K Sep 1, 2023 Common Stock 1.41K 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 on September 1, 2023, as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 Each 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.
F3 These RSUs vest in three equal annual installments on September 1, 2022, September 1, 2023 and September 1, 2024, subject to the Reporting Person's continued employment with GXO.