Director at GXO Logistics (NYSE: GXO) exercises 2,915 RSUs into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GXO Logistics director Michael Kneeland increased his direct stake through RSU vesting. On May 13, 2026, 2,915 Restricted Stock Units converted into 2,915 shares of GXO common stock as part of his equity compensation. Following this derivative exercise, he directly holds 6,587 GXO common shares. The RSUs represented a contingent right to receive either one share of GXO common stock or a cash payment equal to its fair market value and vested in full on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,915 shares exercised/converted
Mixed
2 txns
Insider
KNEELAND MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,915 | $0.00 | -- |
| Exercise | Common Stock | 2,915 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 6,587 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 vested in full on May 13, 2026.
Key Figures
RSUs exercised: 2,915 units
Common shares acquired: 2,915 shares
Shares owned after transaction: 6,587 shares
+3 more
6 metrics
RSUs exercised
2,915 units
Restricted Stock Units converted on May 13, 2026
Common shares acquired
2,915 shares
Common stock received from RSU conversion on May 13, 2026
Shares owned after transaction
6,587 shares
Total direct GXO common stock holdings following RSU conversion
RSU settlement right
1 share or cash per RSU
Each RSU deliverable in stock or cash at fair market value
Transaction code
M
Indicates exercise or conversion of derivative security
Transaction date
May 13, 2026
Vesting and conversion date for the 2,915 RSUs
Key Terms
Restricted Stock Units, contingent right, fair market value, derivative exercise/conversion, +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
"Each RSU represents a contingent right to receive either one share or cash..."
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What did GXO (GXO) director Michael Kneeland report in this Form 4 filing?
Michael Kneeland reported the vesting and conversion of 2,915 Restricted Stock Units into 2,915 GXO common shares. This derivative exercise reflects equity compensation vesting, not an open-market stock purchase or sale, and increases his directly held common stock position.
What are Restricted Stock Units (RSUs) in the context of GXO (GXO)?
For GXO, each RSU is a contingent right to receive either one share of GXO common stock or a cash payment equal to the share’s fair market value. These awards typically vest over time, at which point they convert into stock or cash.
When did Michael Kneeland’s GXO (GXO) RSUs vest?
His Restricted Stock Units vested in full on May 13, 2026. On that vesting date, 2,915 RSUs converted into 2,915 GXO common shares, as reflected in the Form 4, moving value from derivative form into directly held common stock.
Was this GXO (GXO) Form 4 transaction an open-market trade?
No, the filing shows a derivative exercise of Restricted Stock Units, not an open-market buy or sell. The transaction code “M” indicates conversion of RSUs into common shares as equity compensation, rather than a discretionary market purchase or sale.