Byrne Patrick J 4

What Happened

• Patrick J. Byrne, a director of GXO Logistics (GXO), had 3,265 restricted stock units (RSUs) convert into common stock on May 13, 2026. The Form 4 lists two acquisitions (2,926 and 339 shares) at $0.00 and matching disposals of 2,926 and 339 shares as derivative transactions at $0.00. This reflects RSU vesting/conversion, not an open-market purchase or sale.

Key Details

• Transaction date: May 13, 2026; Form 4 filed: May 15, 2026 (timely filing).
• Transaction code: M (exercise or conversion of a derivative/security).
• Shares acquired: 3,265 at $0.00 total reported purchase price; Shares disposed (derivative): 3,265 at $0.00.
• Footnotes: F1 — each RSU converts to one share or a cash payment equal to a share; F2 — the RSUs vested in full on May 13, 2026.
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• RSU conversions at $0.00 are routine when awards vest; no cash purchase was reported. The matching “disposal” entries for the same share counts are recorded as derivative transactions on the Form 4 and can reflect internal settlement mechanics (e.g., withholding or net settlement), but the filing does not specify the reason. This entry documents issuance/settlement of vested awards rather than an insider buy or open-market sale.