GXO Logistics (GXO) director Patrick Byrne awarded 4,847 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Byrne Patrick J reported acquisition or exercise transactions in this Form 4 filing.
GXO Logistics director Patrick J. Byrne received a grant of 4,847 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive either one share of GXO common stock or a cash payment equal to its fair market value.
The RSUs will vest on the earlier of May 20, 2027 or the date of GXO’s next annual meeting of stockholders, if Byrne continues serving on the Board of Directors through that vesting date. Following this award, he is reported as holding 4,847 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Byrne Patrick J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,847 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,847 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of GXO Logistics, Inc. ("GXO") common stock, par value $0.01 per share ("GXO Common Stock"), or (ii) a cash payment equal to the fair market value of one share of GXO Common Stock. The RSUs shall vest on the earlier of (i) May 20, 2027 and (ii) the date of the next annual meeting of stockholders (the "Vesting Date"), provided that the Reporting Person continues to serve as a member of the Board of Directors of GXO through and until the Vesting Date.
Key Figures
RSUs granted: 4,847 RSUs
Total RSUs after grant: 4,847 RSUs
Vesting date: May 20, 2027
+1 more
4 metrics
RSUs granted
4,847 RSUs
Grant of Restricted Stock Units to director on May 20, 2026
Total RSUs after grant
4,847 RSUs
Direct derivative holdings following the reported transaction
Vesting date
May 20, 2027
RSUs vest earlier of May 20, 2027 or next annual meeting
Exercise/Conversion price
$0.00 per unit
RSUs granted at no exercise or conversion price
Key Terms
Restricted Stock Units, contingent right, fair market value, Vesting Date, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive, either (i) one share of GXO..."
fair market value financial
"a cash payment equal to the fair market value of one share of GXO Common Stock."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Vesting Date financial
"the date of the next annual meeting of stockholders (the "Vesting Date")..."
Board of Directors financial
"provided that the Reporting Person continues to serve as a member of the Board of Directors of GXO..."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Patrick J. Byrne report in this GXO (GXO) Form 4 filing?
Patrick J. Byrne reported receiving 4,847 Restricted Stock Units from GXO Logistics. These RSUs are a form of equity-based compensation tied to GXO common stock and are reported as directly owned following the grant.
How many GXO Logistics (GXO) RSUs were granted to Patrick J. Byrne?
Patrick J. Byrne was granted 4,847 Restricted Stock Units. Each RSU represents a contingent right to receive either one share of GXO common stock or a cash payment equal to the fair market value of one share.
When do Patrick J. Byrne’s GXO (GXO) RSUs vest?
The RSUs vest on the earlier of May 20, 2027 or GXO’s next annual meeting of stockholders. Vesting is conditional on Byrne continuing to serve as a member of GXO’s Board of Directors through that vesting date.
What does each GXO (GXO) Restricted Stock Unit represent for Patrick J. Byrne?
Each Restricted Stock Unit represents a contingent right to receive either one share of GXO common stock or a cash payment. The cash amount, if chosen, equals the fair market value of one GXO common share at settlement.
Is Patrick J. Byrne’s GXO (GXO) RSU grant an open-market purchase or sale?
The RSU grant is not an open-market purchase or sale. It is a compensation-related award, reported with transaction code “A,” representing a grant or other acquisition of derivative securities from GXO rather than a market transaction.
How many GXO (GXO) RSUs does Patrick J. Byrne hold after this transaction?
After the reported grant, Patrick J. Byrne holds 4,847 Restricted Stock Units. This total reflects his direct derivative holdings as reported in the filing, with the RSUs subject to the stated vesting conditions and possible stock or cash settlement.