Form 4: GXO Logistics Chief Revenue Officer Reports Stock Transactions
SEC Form 4 Filing
Richard Cawston, Chief Revenue Officer of GXO Logistics, reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.
Summary
- Richard Cawston, the Chief Revenue Officer of GXO Logistics, filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2025, 1,687 Restricted Stock Units (RSUs) vested and were settled.
- 793 shares were withheld by GXO to cover tax liabilities related to the vesting of the RSUs at a price of $39.08.
- Cawston now directly owns 66,023 shares of common stock following the reported transactions.
- He also holds 1,688 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The document reflects routine executive compensation activity, which is neither particularly positive nor negative. The sentiment is neutral to slightly positive as it reflects ongoing compensation.
Future Outlook
The remaining RSUs will vest in equal annual installments on April 1, 2026, subject to continued employment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates normal compensation and tax-related activities.
Stakeholder Impact
- The transaction has a minor impact on shareholders due to the change in ownership by an executive.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | First vesting date of RSUs in three equal annual installments. |
| 04/01/2025 | Date of transaction: Vesting and settlement of 1,687 Restricted Stock Units (RSUs). |
| 04/01/2025 | Second vesting date of RSUs in three equal annual installments. |
| 04/02/2025 | Date of Form 4 filing. |
| 04/01/2026 | Third vesting date of RSUs in three equal annual installments. |
Keywords
GXO Logistics, Richard Cawston, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Chief Revenue Officer, Stock Vesting, Tax Withholding
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