Karlis Kirsis - 15 Mar 2023 Form 4 Insider Report for GXO Logistics, Inc. (GXO)

Role
Chief Legal Officer
Signature
/s/ Karlis P. Kirsis
Issuer symbol
GXO
Transactions as of
15 Mar 2023
Net transactions value
-$69,726
Form type
4
Filing time
16 Mar 2023, 17:39:35 UTC
Previous filing
14 Mar 2023
Next filing
11 Dec 2023
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 +3,320 +13% $0.000000 29,199 15 Mar 2023 Direct
transaction GXO Common Stock Tax liability $69,726 -1,545 -5.3% $45.13 27,654 16 Mar 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 -2,214 -100% $0.000000* 0 15 Mar 2023 Common Stock 2,214 Direct F2, F3
transaction GXO Restricted Stock Units Options Exercise $0 -1,106 -100% $0.000000* 0 15 Mar 2023 Common Stock 1,106 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 March 15, 2023, and were settled on March 16, 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 The RSUs vested in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date, March 15, 2019, subject to the Reporting Person's continued employment with GXO.