Byrne Patrick J 4

What Happened
Patrick J. Byrne, a member of the Board of Directors of GXO Logistics, was granted 4,847 restricted stock units (RSUs) on May 20, 2026. The Form 4 records the grant as a derivative award at $0.00 per unit (standard for RSU grants on Form 4) — there was no purchase or sale of shares and no immediate cash exchanged. The RSUs represent 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 upon vesting.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22. Filing was timely (not marked late).
• Award: 4,847 RSUs recorded at $0.00 per unit (derivative grant).
• Shares owned following the transaction: not disclosed in this Form 4.
• Footnote highlights:
  • Each RSU entitles the holder to one share of GXO common stock or a cash payment equal to the share’s fair market value on settlement.
  • Vesting occurs on the earlier of (i) May 20, 2027 or (ii) the date of the next annual meeting of stockholders, provided Byrne remains a board member through the vesting date.

Context
This was an equity award (grant of RSUs), not a market purchase or sale. RSU grants are a common form of compensation and do not involve immediate transfer of shares or cash; value is realized only if and when the units vest and are settled. Such grants are routine for directors and should be read as compensation-related, not a direct buy/sell signal.