Hammond Maryclaire 4
4 · GXO Logistics, Inc. · Filed Dec 11, 2023
Insider Transaction Report
Form 4
Hammond Maryclaire
Chief Human Resources Officer
Transactions
- Tax Payment
Common Stock
2023-12-08$57.27/sh−1,503$86,077→ 12,687 total - Exercise/Conversion
Restricted Stock Units
2023-12-08−3,197→ 0 total→ Common Stock (3,197 underlying) - Exercise/Conversion
Common Stock
2023-12-08+3,197→ 14,190 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 December 8, 2023, 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]The RSUs vested in two equal annual installments on the second and third anniversaries of the grant date, December 8, 2020, subject to the Reporting Person's continued employment with GXO.