GXO Logistics CLO exercises RSUs, covers taxes
GXO Logistics, Inc. Chief Legal Officer Karlis Kirsis reported routine equity compensation activity.
Rhea-AI Filing Summary
GXO Logistics, Inc. Chief Legal Officer Karlis Kirsis reported routine equity compensation activity. On March 7, 2026, restricted stock units (RSUs) vested and were settled on March 9, 2026, converting into GXO common shares as originally scheduled.
Kirsis acquired a total of 13,274 shares of common stock through RSU exercises, and 6,240 shares were withheld at a price of $55.76 per share to cover tax liabilities. A footnote states that no shares were sold and there were no discretionary or open‑market transactions. Following these events, Kirsis directly owns 51,126 shares of GXO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,240 | $55.76 | $348K |
| Exercise | Restricted Stock Units | 3,239 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,348 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,687 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,239 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,348 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,687 | $0.00 | $0.00 |
Footnotes (5)
- F1. No shares were sold by the Reporting Person. These shares were withheld by GXO Logistics, Inc. ("GXO") to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested on March 7, 2026 and were settled on March 9, 2026, as originally scheduled, and there were no related discretionary transactions or open market sales.
- F2. Each RSU represents a contingent right to receive, either (i) one share of 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.
- F3. These RSUs vest in four equal installments on March 7, 2024, March 7, 2025, March 7, 2026 and March 7, 2027, subject to the Reporting Person's continued employment with GXO.
- F4. These RSUs vest in three equal annual installments on March 7, 2025, March 7, 2026, and March 7, 2027, subject to the Reporting Person's continued employment with GXO.
- F5. These RSUs vest in three equal annual installments on March 7, 2026, March 7, 2027 and March 7, 2028, subject to the Reporting Person's continued employment with GXO.
FAQ
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What did GXO (GXO) insider Karlis Kirsis report in this Form 4?
What role do restricted stock units (RSUs) play in this GXO Form 4 filing?
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