Kirsis Karlis 4
4 · GXO Logistics, Inc. · Filed Apr 2, 2025
Insider Transaction Report
Form 4
Kirsis Karlis
Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+2,084→ 41,942 total - Exercise/Conversion
Restricted Stock Units
2025-04-01−2,084→ 2,083 total→ Common Stock (2,084 underlying) - Tax Payment
Common Stock
2025-04-01$39.08/sh−980$38,298→ 40,962 total
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 April 1, 2025, 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 vest in three equal annual installments on April 1, 2024, April 1, 2025, and April 1, 2026, subject to the Reporting Person's continued employment with GXO.