Bracken Laura L. 4
4 · GXO Logistics, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
GXO Interim CAO Laura Bracken Receives RSU Shares (Net 2,317)
What Happened
Laura L. Bracken, Interim Chief Accounting Officer of GXO Logistics (GXO), had 3,063 restricted stock units (RSUs) vest and settle on July 1, 2026. GXO withheld 746 shares to cover tax liabilities (valued at $50.70 each, totaling $37,822), leaving a net delivery of 2,317 shares to Bracken. The RSUs converted at $0 exercise price (typical for RSU settlements) — this is a compensation settlement, not an open-market purchase or voluntary sale.
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 2, 2026.
- Vesting/settlement: 3,063 RSUs converted to shares (derivative conversion/exercise code M).
- Tax withholding: 746 shares withheld (code F) at $50.70 per share for $37,822.
- Net shares received: 3,063 − 746 = 2,317 shares (approximate net value ≈ $117,472 using $50.70 FMV).
- Shares owned after transaction: not disclosed in the supplied filing excerpt.
- Footnotes: withheld shares were used to satisfy tax liability; each RSU entitles the holder to one share or cash equivalent; RSUs vested subject to continued employment. No open‑market sale or 10b5‑1 plan noted.
Context
This was a routine RSU vesting and settlement with cashless tax withholding — a common way companies satisfy withholding without an employee selling shares on the open market. The filing shows compensation-related conversion of derivatives (RSUs) rather than a discretionary buy or sale, so it reflects standard compensation mechanics rather than a directional insider trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-07-01+3,063→ 3,678 total - Tax Payment
Common Stock
[F1]2026-07-01$50.70/sh−746$37,822→ 2,932 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-07-01−3,063→ 0 total→ Common Stock (3,063 underlying)
Footnotes (3)
- [F1]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 July 1, 2026, as originally scheduled, and there were no related discretionary transactions or open market sales.
- [F2]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.
- [F3]These RSUs vested on July 1, 2026, subject to the Reporting Person's continued employment with GXO.