Elizabeth Fogarty - Mar 7, 2024 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
Mar 7, 2024
Transactions value $
-$38,557
Form type
4
Date filed
3/11/2024, 08:47 PM
Previous filing
Sep 6, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Options Exercise $0 +1.5K +74.38% $0.00 3.51K Mar 7, 2024 Direct
transaction GXO Common Stock Tax liability -$38.6K -773 -22.05% $49.88 2.73K Mar 7, 2024 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 -1.5K -25% $0.00 4.49K Mar 7, 2024 Common Stock 1.5K Direct F2, F3
transaction GXO Restricted Stock Units Award $0 +6.77K $0.00 6.77K Mar 7, 2024 Common Stock 6.77K Direct F2, F4
* 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 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.
F3 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.
F4 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 the GXO.