GXO Logistics (NYSE: GXO) CLO logs 5,906 RSUs vesting and tax share withholding
Rhea-AI Filing Summary
GXO Logistics Chief Legal Officer reports RSU vesting and tax withholding. On January 15, 2026, Chief Legal Officer Karlis Kirsis had 5,906 Restricted Stock Units convert into an equal number of GXO common shares at an exercise price of $0. These RSUs were earned from previously granted performance share units after performance criteria were certified in March 2025.
To cover related tax obligations, 2,776 shares were withheld by GXO at a price of $56.93 per share, and the footnotes state that no shares were sold by the reporting person in the market and there were no discretionary transactions. After these transactions, Kirsis directly owned 44,092 shares of GXO common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,906 | $0.00 | -- |
| Exercise | Common Stock | 5,906 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,776 | $56.93 | $158K |
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 did GXO (GXO) Chief Legal Officer Karlis Kirsis report on this Form 4?
The Form 4 shows that 5,906 Restricted Stock Units held by Chief Legal Officer Karlis Kirsis vested and converted into GXO common stock on January 15, 2026, with related tax withholding but no open market sales.
What is the origin of the RSUs that vested for GXO’s Chief Legal Officer?
The vested 5,906 RSUs came from Performance Share Units granted on March 30, 2022. After performance criteria were certified on March 6, 2025, those PSUs converted into time-based RSUs that vested on January 15, 2026.
What does each GXO Restricted Stock Unit (RSU) represent in this Form 4?
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.