Form 4 for GXO GXO Logistics, Inc.
Accepted 2021-10-05 00:00:00 ET · period of report 2021-10-01 · accession 0001104659-21-123240 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-05 | 2021-10-01 | GXO | Hammond Maryclaire | CHRO | F - Tax | $80.03 | -1,403 | 7,017 | -17% | -$112.3K |
| D | 2021-10-05 | 2021-10-01 | GXO | Hammond Maryclaire | CHRO | M - OptEx | $0.00 | +3,138 | 8,420 | +59% | $0 |
| D | 2021-10-05 | 2021-10-01 | GXO | Hammond Maryclaire | CHRO | M - OptEx | $0.00 | -3,138 | 3,140 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-01 | F | D | 1,403 | $80.03 | 7,017 | D | — | — | (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 and were settled on October 1, 2021, as originally scheduled, and there were no related discretionary transactions or open market sales. |
| 2 | Common | Common Stock | 2021-10-01 | M | A | 3,138 | $0.00 | 8,420 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 3,138 | $0.00 | 3,140 | D | — · — to — | 3,138 Common Stock | (F3) Each RSU represents a contingent right to receive, upon settlement, one share of Common Stock. (F2) On August 2, 2021, XPO Logistics, Inc. ("XPO") completed a prorata spinoff distribution ("Distribution") of all of its shares of GXO Logistics, Inc. ("GXO") common stock, par value $0.01 per share ("GXO Common Stock"), to the holders of record of XPO common stock, par value $0.001 per share ("XPO Common Stock"), on July 23, 2021. In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of August 1, 2021, by and between XPO and GXO, all outstanding equity awards with respect to XPO Common Stock held by the Reporting Person were equitably adjusted and converted into equity awards with respect to GXO Common Stock, with such equitable adjustments determined based on (i) the closing price of a share of XPO Common Stock on the close of trading on July 30, 2021 and (ii) the closing price of a share of GXO Common Stock on August 2, 2021. (F4) The RSUs vest in three equal annual installments on the first, second, and third anniversaries of the grant date, October 2, 2019, subject to the Reporting Person's continued employment with the Issuer. |