Form 4: GXO Logistics Chief Legal Officer Reports Stock Transactions

Karlis Kirsis, Chief Legal Officer of GXO Logistics, reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.

Summary

• On March 7, 2024, Karlis Kirsis, the Chief Legal Officer of GXO Logistics, had 3,240 Restricted Stock Units (RSUs) vest and settle, resulting in the acquisition of 3,240 shares of common stock.
• On the same day, 1,523 shares were withheld by GXO to cover tax liabilities related to the RSU vesting at a price of $49.88 per share.
• Following these transactions, Kirsis directly owns 34,525 shares of GXO common stock.
• On March 10, 2024, 1,636 RSUs vested and settled, resulting in the acquisition of 1,636 shares of common stock.
• On March 11, 2024, 769 shares were withheld by GXO to cover tax liabilities related to the RSU vesting at a price of $49.2 per share.
• Following these transactions, Kirsis directly owns 34,638 shares of GXO common stock.
• Kirsis also acquired 13,042 RSUs on March 7, 2024, which vest in three equal annual installments starting March 7, 2025.
• After the reported transactions, Kirsis beneficially owns 9,719 RSUs that vest on March 7, 2024 and 1,634 RSUs that vest on March 10, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment. It's a neutral reporting of facts.

Positives

• The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and tax withholding practices described are common compensation mechanisms.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates