GXO (GXO) director Kyle Wismans granted 3,837 RSUs as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wismans Kyle reported acquisition or exercise transactions in this Form 4 filing.
GXO Logistics director Kyle Wismans received a grant of 3,837 Restricted Stock Units (RSUs). Each RSU represents a right to receive either one share of GXO common stock or a cash amount 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, as long as Wismans continues to serve on the Board of Directors through that vesting date. Following this award, he holds 3,837 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wismans Kyle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,837 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,837 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: 3,837 units
Shares underlying RSUs: 3,837 shares
Vesting date latest: May 20, 2027
+1 more
4 metrics
RSUs granted
3,837 units
Restricted Stock Units awarded to director Kyle Wismans
Shares underlying RSUs
3,837 shares
Common stock underlying the RSU award
Vesting date latest
May 20, 2027
Latest possible vesting date for the RSUs
Post-transaction RSU holdings
3,837 units
Total RSUs held by Wismans after the award
Key Terms
Restricted Stock Units, Vesting Date, Board of Directors
3 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.
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 GXO (GXO) director Kyle Wismans report on this Form 4?
Kyle Wismans reported receiving 3,837 Restricted Stock Units (RSUs) from GXO Logistics. These RSUs are a form of equity-based compensation and give him the right to receive GXO common stock or equivalent cash value if vesting conditions are met.
How many GXO (GXO) Restricted Stock Units did Kyle Wismans receive?
Kyle Wismans received 3,837 Restricted Stock Units from GXO Logistics. Each RSU corresponds to one share of GXO common stock or an equivalent cash payment, making this a direct equity-linked award rather than a cash bonus or open-market stock purchase.
When do Kyle Wismans’ GXO (GXO) RSUs vest?
The RSUs vest on the earlier of May 20, 2027 or the date of GXO’s next annual stockholders’ meeting. Vesting requires that Wismans continue serving on GXO’s Board of Directors through that vesting date, aligning his compensation with ongoing board service.
Is Kyle Wismans’ GXO (GXO) Form 4 a stock purchase or a grant?
The Form 4 reflects a grant of Restricted Stock Units, not an open-market stock purchase. The transaction is coded as an award acquisition, meaning GXO granted 3,837 RSUs to Wismans as compensation instead of him buying shares in the market.
What does each GXO (GXO) Restricted Stock Unit granted to Kyle Wismans represent?
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 actual settlement form, stock or cash, will be determined by GXO according to the award’s terms.