GXO (GXO) chief accounting officer earns 4,944 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GXO Logistics, Inc. reported that Chief Accounting Officer Paul Blanchett acquired 4,944 Restricted Stock Units as equity compensation. These units were earned from Performance Share Units granted on March 7, 2023, after performance criteria were certified as achieved effective March 1, 2026. The earned PSUs converted into time-based RSUs that are scheduled to vest on January 15, 2027, contingent on his continued employment with GXO. Each RSU represents either one share of GXO common stock or an equivalent cash payment based on its fair market value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blanchett Paul
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,944 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,944 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) report for Paul Blanchett?
GXO reported that Chief Accounting Officer Paul Blanchett received 4,944 Restricted Stock Units as equity compensation. These units stem from previously granted performance-based awards that were earned after meeting defined criteria and then converted into time-based RSUs scheduled to vest in 2027.
How many Restricted Stock Units did GXO (GXO) grant in this Form 4?
The filing shows a grant of 4,944 Restricted Stock Units to Chief Accounting Officer Paul Blanchett. These RSUs were earned from earlier Performance Share Units and now vest over time, aligning compensation with both past performance and continued employment at GXO Logistics.
What are the vesting terms of Paul Blanchett’s RSUs at GXO (GXO)?
The 4,944 RSUs will vest on January 15, 2027, subject to Blanchett’s continued employment with GXO. They originated from Performance Share Units whose performance criteria were certified as achieved effective March 1, 2026, then converted into these time-based awards.
What performance period led to the RSU award disclosed by GXO (GXO)?
The RSUs came from Performance Share Units granted on March 7, 2023, after achieving specified performance criteria. Those criteria were certified effective March 1, 2026, resulting in 4,944 earned PSUs that converted into RSUs with a future time-based vesting date tied to continued employment.
What does each Restricted Stock Unit represent in GXO (GXO)’s Form 4?
Each RSU represents a right to receive either one share of GXO common stock or a cash payment equal to the share’s fair market value. The actual delivery occurs at vesting, providing equity-linked compensation rather than immediate cash or stock transfer.