Form 4 for GXO GXO Logistics, Inc.
Accepted 2022-03-18 00:00:00 ET · period of report 2022-03-16 · accession 0001104659-22-035666 · 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 | 2022-03-18 | 2022-03-16 | GXO | Blanchett Paul | CAO | F - Tax | $73.97 | -465 | 2,866 | -14% | -$34.4K |
| D | 2022-03-18 | 2022-03-16 | GXO | Blanchett Paul | CAO | M - OptEx | $0.00 | +1,002 | 3,331 | +43% | $0 |
| D | 2022-03-18 | 2022-03-16 | GXO | Blanchett Paul | CAO | M - OptEx | $0.00 | -1,002 | 2,002 | -33% | $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 | 2022-03-16 | F | D | 465 | $73.97 | 2,866 | 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 March 16, 2022, as originally scheduled, and there were no related discretionary transactions or open market sales. |
| 2 | Common | Common Stock | 2022-03-16 | M | A | 1,002 | $0.00 | 3,331 | D | — | — | (F4) Due to a clerical error, the Reporting Person's Form 4 filed on March 14, 2022 inadvertently over reported the number of shares surrendered to satisfy tax withholding obligations by 237 shares. This Form 4 corrects such error by increasing the total amount of securities beneficially owned by the reporting person by such 237 shares. |
| 3 | Derivative | Restricted Stock Units | 2022-03-16 | M | D | 1,002 | $0.00 | 2,002 | D | — · — to — | 1,002 Common Stock | (F2) Each RSU represents a contingent right to receive, upon settlement, either (i) one share of GXO Common Stock, or (ii) a cash payment equal to the fair market value of one share of GXO Common Stock. (F3) The RSUs vest in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date, March 16, 2021, subject to the Reporting Person's continued employment with the Issuer. |