GXO (NYSE: GXO) Chief Accounting Officer reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
GXO Logistics Chief Accounting Officer Paul Blanchett reported equity award activity, not an open-market trade. On January 15, 2026, 2,953 Restricted Stock Units (RSUs) vested and were converted into the same number of GXO common shares at $0 exercise price, increasing his directly held common stock to 20,789 shares.
To cover tax withholding on this vesting, 1,495 shares of common stock were withheld by GXO at a price of $56.93 per share, reducing his direct holdings to 19,294 shares. The footnotes clarify that no shares were sold by Blanchett in the market; all activity was related to the scheduled vesting and tax settlement of RSUs originally derived from performance share units granted in 2022.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,953 | $0.00 | -- |
| Exercise | Common Stock | 2,953 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,495 | $56.93 | $85K |
Footnotes (1)
- 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 and were settled on January 15, 2026, as originally scheduled, and there were no related discretionary transactions or open market sales. 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. On March 30, 2022, 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 on March 6, 2025. Such PSUs converted to time-based RSUs that vested on January 15, 2026, subject to the Reporting Person's continued employment with GXO.
FAQ
What insider transaction did GXO (GXO) Chief Accounting Officer Paul Blanchett report?
Paul Blanchett reported the vesting and settlement of 2,953 Restricted Stock Units (RSUs) into GXO common stock on January 15, 2026, along with related tax withholding in shares.
What are the details of the RSUs reported by GXO (GXO) insider Paul Blanchett?
The filing shows 2,953 RSUs with a $0 exercise price converting into 2,953 GXO common shares on January 15, 2026. Each RSU provided a contingent right to receive either one share of GXO common stock or a cash amount equal to its fair market value.
Where did the RSUs reported by GXO (GXO) Chief Accounting Officer originate?
The footnotes state that on March 30, 2022, Blanchett received Performance Share Units (PSUs). After performance criteria were certified on March 6, 2025, the earned PSUs converted into time-based RSUs that vested on January 15, 2026, subject to continued employment.