Oran Baris 4

What Happened

• Oran Baris, Chief Financial Officer of GXO Logistics (GXO), had restricted stock units (RSUs) vest and convert to common shares. A total of 11,376 RSUs converted into GXO common stock (reported as derivative conversions on 2026-03-07).
• To cover tax withholding, 5,273 of those shares were withheld (reported as a disposition on 2026-03-09) at a reported value of $55.76 per share, totaling $294,022. Net shares delivered to Baris after withholding: 6,103.
• This was a routine receipt of vested awards rather than an open-market purchase or discretionary sale.

Key Details

• Transaction dates: RSU vesting/conversion reported 2026-03-07; tax withholding/settlement reported 2026-03-09; Form 4 filed 2026-03-10.
• Prices and values: tax-withheld shares = 5,273 × $55.76 = $294,022.
• Shares owned after transaction: not disclosed in this filing.
• Notable footnotes: F1 confirms no open-market sale—shares were withheld by GXO to satisfy tax liability; F2 defines each RSU as the right to one share or cash; F3–F5 describe varying vesting schedules for the RSU grants.
• Filing timeliness: no late filing flag indicated in the report.

Context

• These entries reflect RSU vesting and a routine cashless withholding for taxes (derivative conversion entries labeled "M"; tax withholding labeled "F"). Withholding is not an insider sale on the open market and is common when awards vest.
• For retail investors, award receipts are informational (shows compensation realized) but do not necessarily indicate the insider’s view on the stock. Purchases are generally more informative about insider sentiment.