Form 4: GXO Logistics Director Oren Shaffer Reports Stock Unit Vesting
SEC Form 4 Filing
Director Oren Shaffer of GXO Logistics reports the vesting of 1,282 Restricted Stock Units (RSUs) on January 2, 2025, convertible to common stock.
Summary
- Oren Shaffer, a director of GXO Logistics, Inc., filed a Form 4 on January 6, 2025, reporting a transaction.
- On January 2, 2025, 1,282 Restricted Stock Units (RSUs) vested.
- These RSUs convert into either shares of GXO Logistics common stock or a cash payment equivalent to the fair market value of one share.
- Following the transaction, Shaffer directly owns 102,858 shares of GXO Logistics common stock.
- The vesting of the RSUs was a non-cash transaction, with a price of $0 reported.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Vesting of 1,282 Restricted Stock Units. |
| 01/06/2025 | Date of Form 4 filing. |
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