S. Jacobs Bradley - 09 Dec 2021 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Signature
/s/ Karlis P. Kirsis, Attorney-in-Fact
Issuer symbol
GXO
Transactions as of
09 Dec 2021
Transactions value $
-$277,992,000
Form type
4
Date filed
10 Dec 2021, 08:17
Previous filing
18 Aug 2021
Next filing
04 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GXO Common Stock Sale -$278M -3.22M -21.26% $86.40 11.9M 09 Dec 2021 See footnote F1, F2
holding GXO Common Stock 387K 09 Dec 2021 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
holding GXO Restricted Stock Units 1.07K 09 Dec 2021 Common Stock 1.07K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was automatically effected pursuant to a previously executed selling plan of Jacobs Private Equity, LLC ("JPE") that is intended to comply with Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended. The shares were sold by JPE for tax and estate planning purposes.
F2 JPE is the direct beneficial owner of these securities. Brad Jacobs is the Managing Member of JPE.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of Common Stock, or (ii) a cash payment equal to the fair market value of one share of Common Stock.
F4 The RSUs shall vest in full on January 3, 2022, subject to the Reporting Person's continued services as a director of the Issuer.