Oran Baris 4

What Happened

• Oran Baris, Chief Financial Officer of GXO Logistics (GXO), was granted 24,916 restricted stock units (RSUs) on March 1, 2026. The grant is reported as a derivative award (code A) with an acquisition price of $0.00 — standard for compensation awards. These RSUs were converted from previously awarded performance share units (PSUs) that were certified as earned effective March 1, 2026, and will vest on January 15, 2027, subject to continued employment.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Grant: 24,916 RSUs; reported acquisition price $0.00 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: Each RSU represents a contingent right to receive either one share of GXO common stock or a cash payment equal to the fair market value of one share.
• Footnote F2: These RSUs resulted from PSUs granted on March 7, 2023; the number reported reflects PSUs earned and certified March 1, 2026 and converted to time-based RSUs that vest 1/15/2027.
• Transaction code: A = Award/Grant.

Context

• This is a compensation award (not a market purchase or sale). RSUs are typically part of executive pay and vest over time; they do not indicate an immediate buy/sell sentiment. Payout may be in shares or cash per the plan, and vesting is contingent on continued employment and previously met performance criteria.