GXO (GXO) CFO Oran Baris earns 24,916 RSUs from performance share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GXO Logistics Chief Financial Officer Oran Baris reported an acquisition of 24,916 Restricted Stock Units. These RSUs were earned from Performance Share Units granted on March 7, 2023, after performance criteria were certified effective March 1, 2026. The earned PSUs converted into time-based RSUs that are scheduled to vest on January 15, 2027, contingent on Baris’s continued employment. Each RSU represents the right to receive one share of GXO common stock or an equivalent cash amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oran Baris
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,916 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 24,916 shares (Direct)
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. On March 7, 2023, the Reporting Person was granted Performance Share Units ("PSUs"), the vesting of which was subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria which were certified effective March 1, 2026. Such PSUs converted to time-based RSUs that will vest on January 15, 2027, subject to the Reporting Person's continued employment with GXO.
FAQ
What insider transaction did GXO (GXO) Chief Financial Officer Oran Baris report?
Oran Baris reported acquiring 24,916 Restricted Stock Units. These units were earned from earlier Performance Share Units after performance goals were certified and then converted into time-based RSUs that are scheduled to vest on January 15, 2027, subject to continued employment.
How many GXO (GXO) Restricted Stock Units did the CFO acquire and at what price?
The CFO acquired 24,916 Restricted Stock Units at a stated price of $0.00 per unit. These RSUs stem from previously granted Performance Share Units that were earned based on performance criteria and then converted into time-based RSUs with future vesting conditions.
What are the vesting terms for the 24,916 RSUs reported by GXO (GXO)’s CFO?
The 24,916 Restricted Stock Units will vest on January 15, 2027. Vesting is conditioned on Oran Baris’s continued employment with GXO, following the certification of performance criteria that converted the original Performance Share Units into time-based RSUs.
What does each GXO (GXO) Restricted Stock Unit represent in this Form 4 filing?
Each Restricted Stock Unit 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. The actual settlement form may be stock or cash at the company’s determination.
Does the GXO (GXO) CFO’s RSU award involve immediate cash payments or open-market purchases?
The RSU award does not reflect an open-market purchase; it is a grant/award acquisition. Each unit represents a contingent right to future stock or cash value, subject to vesting conditions and continued employment rather than an immediate cash outlay.