Form 4: GXO Logistics Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Chief Legal Officer Karlis Kirsis reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.
Summary
- On April 1, 2024, Karlis Kirsis, Chief Legal Officer of GXO Logistics, Inc., reported transactions involving GXO common stock and restricted stock units (RSUs).
- 2,083 shares were acquired through the vesting of RSUs.
- 980 shares were withheld by GXO to cover tax liabilities related to the RSU vesting at a price of $53.76.
- Following these transactions, Kirsis directly owns 34,972 shares of GXO common stock and 4,167 RSUs.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, with no particularly positive or negative implications.
Future Outlook
The remaining RSUs will vest in equal annual installments on April 1, 2025, and April 1, 2026, subject to continued employment with GXO.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of RSU vesting and stock transactions. |
| 04/01/2024 | First vesting date of RSUs. |
| 04/01/2025 | Second vesting date of RSUs. |
| 04/01/2026 | Third vesting date of RSUs. |
| 04/03/2024 | Date of Form 4 filing. |
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