Form 4 for GXO GXO Logistics, Inc.
Accepted 2022-01-04 00:00:00 ET · period of report 2022-01-03 · accession 0001104659-22-001031 · 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 | 2022-01-04 | 2022-01-03 | GXO | Ashe Gena L | Dir | M - OptEx | $0.00 | +3,527 | 3,527 | New | $0 |
| D | 2022-01-04 | 2022-01-03 | GXO | Ashe Gena L | Dir | A - Grant | $0.00 | +2,120 | 2,120 | New | $0 |
| D | 2022-01-04 | 2022-01-03 | GXO | Ashe Gena L | Dir | M - OptEx | $0.00 | -3,527 | 0 | -100% | $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 | 2022-01-03 | M | A | 3,527 | $0.00 | 3,527 | D | — | — | |
| 2 | Derivative | Restricted Stock Units | 2022-01-03 | A | A | 2,120 | $0.00 | 2,120 | D | — · — to — | 2,120 Common Stock | (F1) Each Restricted Stock Unit ("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. (F2) The RSUs shall vest in full on January 3, 2023, subject to the Reporting Person's continued service as a director of the Issuer. |
| 3 | Derivative | Restricted Stock Units | 2022-01-03 | M | D | 3,527 | $0.00 | 0 | D | — · — to — | 3,527 Common Stock | (F3) On August 2, 2021, XPO Logistics, Inc. ("XPO") completed a prorata spinoff distribution ("Distribution") of all of its shares of 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. (F1) Each Restricted Stock Unit ("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. (F4) The RSUs vested in full on January 3, 2022. |