Form 4 for GXO GXO Logistics, Inc.
Accepted 2024-01-04 00:00:00 ET · period of report 2024-01-02 · accession 0001669943-24-000002 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-01-04 | 2024-01-03 | GXO | Ashe Gena L | Dir | S - Sale+OE | $58.14 | -10.5K | 15.1K | -41% | -$612.0K |
| DM | 2024-01-04 | 2024-01-03 | GXO | Ashe Gena L | Dir | M - OptEx | $0.00 | +25.6K | 4,453 | New | $0 |
| DM | 2024-01-04 | 2024-01-03 | GXO | Ashe Gena L | Dir | M - OptEx | $0.00 | -36.1K | 0 | -100% | $0 |
| D | 2024-01-04 | 2024-01-02 | GXO | Ashe Gena L | Dir | A - Grant | $0.00 | +1,282 | 1,282 | New | $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 | 2024-01-03 | S | D | 9,626 | $58.09 | 15,962 | D | — | — | (F1) The sales reported in this Form 4 were automatically effected pursuant to a previously executed selling plan dated December 15, 2022, that is intended to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. The shares were sold for tax and estate planning purposes. (F2) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $57.67 to $58.66, inclusive. The reporting person undertakes to provide to GXO Logistics, Inc. ("GXO"), any security holder of GXO, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. |
| 2 | Common | Common Stock | 2024-01-03 | S | D | 900 | $58.70 | 15,062 | D | — | — | (F1) The sales reported in this Form 4 were automatically effected pursuant to a previously executed selling plan dated December 15, 2022, that is intended to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. The shares were sold for tax and estate planning purposes. (F3) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.67 to $58.75, inclusive. |
| 3 | Common | Common Stock | 2024-01-03 | M | A | 8,730 | $0.00 | 25,588 | D | — | — | |
| 4 | Common | Common Stock | 2024-01-03 | M | A | 7,145 | $0.00 | 16,858 | D | — | — | |
| 5 | Common | Common Stock | 2024-01-03 | M | A | 5,260 | $0.00 | 9,713 | D | — | — | |
| 6 | Common | Common Stock | 2024-01-03 | M | A | 4,453 | $0.00 | 4,453 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 4,554 | $0.00 | 0 | D | — · — to — | 4,554 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F8) The RSUs vested in full on January 2, 2019 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered. |
| 8 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 4,453 | $0.00 | 0 | D | — · — to — | 4,453 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F5) The RSUs vested in full on January 3, 2024. |
| 9 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 5,260 | $0.00 | 0 | D | — · — to — | 5,260 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F6) The RSUs vested in full on January 4, 2021 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered. |
| 10 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 7,145 | $0.00 | 0 | D | — · — to — | 7,145 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F7) The RSUs vested in full on January 2, 2020 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered. |
| 11 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 8,730 | $0.00 | 0 | D | — · — to — | 8,730 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F9) The RSUs vested in full on January 3, 2018 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered. |
| 12 | Derivative | Restricted Stock Units | 2024-01-03 | M | D | 5,972 | $0.00 | 0 | D | — · — to — | 5,972 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F10) The RSUs vested in full on January 1, 2018 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered. |
| 13 | Derivative | Restricted Stock Units | 2024-01-02 | A | A | 1,282 | $0.00 | 1,282 | D | — · — to — | 1,282 Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of 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. (F11) The RSUs shall vest in full on January 2, 2025, subject to the Reporting Person's continued service as a director of GXO. |