GXO CFO granted 24,916 performance-based RSUs
GXO Logistics Chief Financial Officer Oran Baris reported an acquisition of 24,916 Restricted Stock Units.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,916 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GXO (GXO) Chief Financial Officer Oran Baris report?
How many GXO (GXO) Restricted Stock Units did the CFO acquire and at what price?
What are the vesting terms for the 24,916 RSUs reported by GXO (GXO)’s CFO?
What does each GXO (GXO) Restricted Stock Unit represent in this Form 4 filing?
Does the GXO (GXO) CFO’s RSU award involve immediate cash payments or open-market purchases?
AI-generated analysis. How Rhea-AI works. Not financial advice.