Kirsis Karlis 4
4 · GXO Logistics, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
GXO CLO Kirsis Karlis Receives RSU/PSU Award
What Happened
Kirsis Karlis, Chief Legal Officer of GXO Logistics (GXO), was granted a total of 23,198 derivative awards on March 1, 2026: 12,852 restricted stock units (RSUs) and 10,346 performance share units (PSUs) that were certified as earned and converted to RSUs. Both awards were reported at $0.00 (no cash paid). The PSUs converted to time‑based RSUs that will vest January 15, 2027 (subject to continued employment); the other RSUs vest in three equal annual installments on March 1, 2027, 2028 and 2029.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (reporting period Mar 1, 2026).
- Awards: 12,852 RSUs (time‑based) + 10,346 PSUs converted to RSUs = 23,198 total; reported price $0.00 (derivative awards).
- Vesting: PSUs -> RSUs vest Jan 15, 2027 (converted PSUs); other RSUs vest in three equal installments on Mar 1, 2027/2028/2029 (subject to continued employment).
- Footnote summary: F1 — each RSU converts to one share or cash equal to fair market value; F2 — PSUs earned (granted Mar 7, 2023) certified Mar 1, 2026 and converted to RSUs; F3 — time‑based RSU vesting schedule described above.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Timeliness: Filing appears timely (Form 4 filed within typical 2 business days after the transaction date).
Context
These were compensation awards (vesting contingent on performance/continued employment), not open‑market purchases or sales. RSUs/PSUs are derivative grants that give the holder the right to receive company stock (or cash) in the future if vesting conditions are met; they are commonly used for retention and performance incentives and do not by themselves indicate immediate buying or selling activity.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-01+12,852→ 12,852 total→ Common Stock (12,852 underlying) - Award
Restricted Stock Units
[F1][F3]2026-03-01+10,346→ 10,346 total→ Common Stock (10,346 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of GXO Logistics, Inc. ("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.
- [F2]On March 7, 2023, the Reporting Person was granted Performance Share Units ("PSUs"), the vesting of which was subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria which were certified effective March 1, 2026. Such PSUs converted to time-based RSUs that will vest on January 15, 2027, subject to the Reporting Person's continued employment with GXO.
- [F3]These RSUs vest in three equal annual installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to the Reporting Person's continued employment with GXO.