4Filed Aug 3, 8:00 PM ET
GXO (GXO) Interim CAO Laura Bracken Receives RSU Award
$GXO · GXO Logistics, Inc.Research Summary
AI-generated summary of this SEC filing
GXO (GXO) Interim CAO Laura Bracken Receives RSU Award
What Happened
- Laura L. Bracken, Interim Chief Accounting Officer of GXO Logistics, received a grant of 2,991 restricted stock units (RSUs) on August 1, 2026. The reported acquisition price is $0.00 (derivative award), meaning no cash was paid at grant.
- Under the filing footnotes, each RSU represents a right to receive either one share of GXO common stock or a cash payment equal to the fair market value of one share at settlement.
Key Details
- Transaction date and price: August 1, 2026; 2,991 RSUs granted at $0.00 per unit (derivative award).
- Vesting: RSUs vest in three equal annual installments on Aug 1 of 2027, 2028 and 2029, subject to continued employment (see footnote F2).
- Conversion: Each RSU converts to one share (or cash equal to share FMV) upon settlement (footnote F1).
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing date: Form 4 filed with accession date Aug 4, 2026. The filing shows the grant and related footnotes; no late-filing flag is indicated in the supplied data.
Context
- This is an equity award (compensation grant), not a purchase or sale. Such awards are routine for employee compensation and do not by themselves indicate buying or selling sentiment.
- The RSUs will only result in actual shares or cash if and when they vest and are settled; tax withholding or withholding in shares may apply at settlement (not detailed in this filing).