Form 4: GXO Logistics CFO Baris Oran Reports Stock Transactions

Chief Financial Officer of GXO Logistics, Baris Oran, reports acquisition and disposal of common stock and restricted stock units on April 1, 2024, related to vesting of RSUs.

Summary

• On April 1, 2024, Baris Oran, the CFO of GXO Logistics, engaged in transactions involving the company's stock.
• These transactions included the acquisition of 12,500 and 1,875 shares of common stock through the vesting of Restricted Stock Units (RSUs).
• Simultaneously, 6,662 shares were withheld by GXO to cover tax liabilities associated with the RSU vesting at a price of $53.76.
• Following these transactions, Oran directly owns 10,491 shares of GXO common stock.
• He also holds 12,500 RSUs that vest in two equal annual installments on April 1, 2024, and April 1, 2025.
• Additionally, he holds 3,750 RSUs that vest in four equal annual installments from April 1, 2023, to April 1, 2026.
• The RSUs can be settled in either GXO common stock or a cash payment equivalent to the stock's fair market value.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders gain insight into executive compensation and stock ownership.
• Employees may be impacted by the company's stock performance, as RSUs are part of their compensation.

Key Dates