Form 4: GXO Logistics Chief Accounting Officer Paul Blanchett Reports Stock Transactions
SEC Form 4 Filing
Paul Blanchett, Chief Accounting Officer of GXO Logistics, reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.
Summary
- On March 16, 2024, Paul Blanchett, Chief Accounting Officer of GXO Logistics, had 1,000 Restricted Stock Units (RSUs) vest.
- These RSUs were settled on March 18, 2024, resulting in the acquisition of 1,000 shares of GXO common stock.
- Also on March 18, 2024, 464 shares were withheld by GXO to cover tax liabilities related to the RSU vesting.
- Following these transactions, Blanchett directly owns 13,004 shares of GXO common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| March 16, 2020 | Grant date of the Restricted Stock Units (RSUs) that vested on March 16, 2024. |
| 03/16/2024 | Vesting date of 1,000 Restricted Stock Units (RSUs). |
| 03/18/2024 | Settlement date of the vested RSUs and tax withholding of 464 shares. |
| 03/19/2024 | Date of the report filing. |
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