GXO director awarded 3,837 restricted stock units
KNEELAND MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
KNEELAND MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
GXO Logistics, Inc. director Michael Kneeland received a grant of 3,837 Restricted Stock Units as equity compensation. Each unit represents a contingent 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 stockholder meeting, as long as Kneeland continues serving on the Board through that vesting date. This is a routine, non-cash compensation award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,837 shares
Grant/Award
1 txn
Insider
KNEELAND MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,837 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,837 contracts (Direct)
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. 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
RSU grant size: 3,837 units
Underlying common shares: 3,837 shares
Exercise price: $0.00 per unit
+1 more
4 metrics
RSU grant size
3,837 units
Restricted Stock Units granted to director Michael Kneeland
Underlying common shares
3,837 shares
Common Stock underlying the RSUs
Exercise price
$0.00 per unit
Grant/award acquisition, no purchase price
Vesting date
May 20, 2027
Or earlier, on the date of the next annual meeting
Key Terms
Restricted Stock Units, contingent right, fair market value, vest, +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
"or (ii) a cash payment equal to the fair market value of one share"
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.
vest financial
"The RSUs shall vest on the earlier of (i) May 20, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GXO (GXO) report for Michael Kneeland?
GXO reported that director Michael Kneeland received 3,837 Restricted Stock Units as equity compensation. These units give him a contingent right to GXO common stock or equivalent cash value, rather than reflecting an open-market share purchase or sale.
How many Restricted Stock Units did GXO (GXO) grant to director Michael Kneeland?
GXO granted Michael Kneeland 3,837 Restricted Stock Units. Each RSU corresponds to one share of GXO common stock or a cash payment equal to its fair market value, providing stock-based compensation aligned with the company’s share performance.
When do Michael Kneeland’s GXO (GXO) RSUs vest?
Kneeland’s 3,837 RSUs vest on the earlier of May 20, 2027 or the date of GXO’s next annual meeting of stockholders. Vesting requires that he continue serving on GXO’s Board of Directors through that specified vesting date.
Does the GXO (GXO) Form 4 show an open-market stock purchase or sale?
No, the Form 4 shows a grant of 3,837 Restricted Stock Units to director Michael Kneeland, not an open-market transaction. RSU grants are non-cash equity awards that convert into stock or cash at vesting, subject to continued service conditions.
What does each GXO (GXO) Restricted Stock Unit represent for Michael Kneeland?
Each RSU represents a contingent right to receive either one share of GXO common stock or a cash payment equal to that share’s fair market value. This structure ties Kneeland’s compensation to GXO’s share price performance over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
