GXO.NYSEGxo Logistics, INC

Form 4: GXO Logistics Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Elizabeth Fogarty, Chief Communications Officer of GXO Logistics, exercised stock options and disposed of shares to cover tax liabilities on September 1, 2024.

Summary

  • On September 1, 2024, Elizabeth Fogarty, Chief Communications Officer of GXO Logistics, exercised restricted stock units (RSUs) converting into 1,405 shares of common stock.
  • Simultaneously, 652 shares were disposed of at a price of $50.05 to cover tax obligations related to the vesting of these RSUs.
  • Following these transactions, Fogarty directly owns 3,987 shares of GXO Logistics common stock.
  • The RSUs vested in three equal annual installments starting September 1, 2021.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation practices.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of to cover tax liabilities.

Key Dates

DateDescription
09/01/2021Grant date of the Restricted Stock Units (RSUs) that vested in three equal annual installments.
09/01/2024Date of transaction: Exercise of Restricted Stock Units (RSUs) and disposal of shares for tax obligations.
09/04/2024Date of signature for the Form 4 filing.

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