GXO Logistics (NYSE: GXO) CFO details RSU vesting and tax withholding
Rhea-AI Filing Summary
GXO Logistics, Inc. Chief Financial Officer Oran Baris reported the vesting and settlement of 16,540 restricted stock units on January 15, 2026. These units were converted into an equal number of shares of GXO common stock at an exercise price of $0.
To cover tax liabilities from this vesting, 7,811 shares of common stock were withheld by GXO at a price of $56.93 per share, and the filing notes that no shares were sold by the reporting person and there were no open market transactions. After these transactions, Baris directly owned 30,327 shares of GXO common stock.
The vested RSUs originated from performance share units granted on March 30, 2022 that became earned based on certified performance on March 6, 2025 and then converted into time-based RSUs that vested on January 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,540 | $0.00 | -- |
| Exercise | Common Stock | 16,540 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,811 | $56.93 | $445K |
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) report for its CFO on January 15, 2026?
GXO Logistics, Inc. reported that Chief Financial Officer Oran Baris had 16,540 restricted stock units vest and settle into GXO common stock on January 15, 2026 at an exercise price of $0 per share.
Were any open market sales involved in the GXO CFO’s January 2026 Form 4?
No. The footnote explains that no shares were sold by the reporting person. Shares were withheld by GXO solely to cover tax obligations from the RSU vesting, with no discretionary transactions or open market sales.
What do the GXO restricted stock units reported by the CFO represent?
Each RSU represents a contingent right to receive either one share of GXO common stock or a cash payment equal to the fair market value of one share of GXO common stock, as described in the footnotes.