Kirsis Karlis 4

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.