GXO (GXO) director Todd C. Cooper awarded 3,837 RSUs as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper Todd C reported acquisition or exercise transactions in this Form 4 filing.
GXO Logistics director Todd C. Cooper received a grant of 3,837 Restricted Stock Units (RSUs). Each RSU represents a right to receive either one share of GXO common stock or a cash payment equal to its fair market value. The RSUs will vest on the earlier of May 20, 2027 or the date of the next annual meeting of stockholders, as long as Cooper continues serving on GXO's Board of Directors through that vesting date. Following this grant, he holds 3,837 RSUs tied to GXO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cooper Todd C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,837 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,837 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 shall vest on the earlier of (i) May 20, 2027 and (ii) the date of the next annual meeting of stockholders (the "Vesting Date"), provided that the Reporting Person continues to serve as a member of the Board of Directors of GXO through and until the Vesting Date.
Key Figures
RSUs granted: 3,837 units
RSU settlement linkage: 1 RSU = 1 share or cash equivalent
RSU vesting date: Earlier of May 20, 2027 or next annual meeting
+1 more
4 metrics
RSUs granted
3,837 units
Restricted Stock Units awarded to Todd C. Cooper
RSU settlement linkage
1 RSU = 1 share or cash equivalent
Each RSU tied to one GXO common share’s fair market value
RSU vesting date
Earlier of May 20, 2027 or next annual meeting
Vesting contingent on continued Board service
Post-transaction RSU holdings
3,837 units
Total RSUs held after the grant
Key Terms
Restricted Stock Units, contingent right, Vesting Date, Board of Directors
4 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 Restricted Stock Unit ("RSU") represents a contingent right to receive..."
Vesting Date financial
"The RSUs shall vest on the earlier of (i) May 20, 2027 and (ii) the date of the next annual meeting of stockholders (the "Vesting Date")"
Board of Directors financial
"provided that the Reporting Person continues to serve as a member of the Board of Directors of GXO through and until the Vesting Date."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did GXO (GXO) director Todd C. Cooper report?
Todd C. Cooper reported receiving a grant of 3,837 Restricted Stock Units from GXO Logistics. These RSUs are a form of equity-based compensation that can settle in GXO common stock or an equivalent cash amount at vesting.
How many GXO (GXO) Restricted Stock Units were granted to Todd C. Cooper?
He was granted 3,837 Restricted Stock Units linked to GXO common stock. This entire amount is new and represents his reported balance of RSUs following the grant, according to the Form 4 transaction details.
When do Todd C. Cooper’s GXO (GXO) RSUs vest?
The RSUs vest on the earlier of May 20, 2027 or the date of GXO’s next annual stockholders meeting. Vesting is conditioned on Cooper continuing to serve on the GXO Board of Directors through that vesting date.
Does the GXO (GXO) RSU grant involve any open-market buying or selling?
No, the Form 4 describes a grant of 3,837 RSUs as compensation, not an open-market trade. The transaction code is “A,” indicating a grant, award, or other acquisition from the company rather than a market purchase or sale.
What can Todd C. Cooper receive when GXO (GXO) RSUs vest?
Upon vesting, each RSU entitles him to either one share of GXO common stock or a cash payment equal to that share’s fair market value. The specific settlement form will follow GXO’s RSU plan terms.
Is this GXO (GXO) Form 4 transaction in derivatives or common stock?
The reported transaction involves derivative securities in the form of Restricted Stock Units. Each RSU is linked to one underlying share of GXO common stock and represents a contingent right that vests in the future.