Blanchett Paul 4

What Happened

• Paul Blanchett, Chief Accounting Officer of GXO Logistics (GXO), had 2,750 restricted stock units (RSUs) convert into common shares on the January 31, 2026 vesting date. The RSUs converted at $0 exercise price. To satisfy tax withholding related to the vesting/settlement, GXO withheld 1,275 shares and paid tax withholding valued at $56.59 per share (total ~$72,152). After withholding, Blanchett received a net 1,475 shares. This was a settlement of RSUs (not an open-market sale).

Key Details

• Transaction dates: RSUs vested/converted on 2026-01-31; withholding/tax payment settled on 2026-02-02. Form filed 2026-02-03.
• Shares involved: 2,750 RSUs converted to shares; 1,275 shares withheld for taxes (disposed under withholding code F); net increase of 1,475 shares to Blanchett’s holdings.
• Prices/values: Withheld shares valued at $56.59 each for a total tax withholding of about $72,152. Conversion exercise price reported as $0 (typical for RSU settlement).
• Shares owned after transaction: Not disclosed on the Form 4.
• Footnotes: Company withheld shares to cover tax liability (no open-market sale). Each RSU represents a contingent right to one share (or cash) and vests in three equal installments on Jan 31 of 2026, 2027 and 2028, subject to continued employment.

Context

• This was a routine RSU settlement with a cashless-like withholding to cover taxes — common for executive equity awards and not an indicator of a discretionary sale. The filing shows the standard conversion of RSUs into shares and company withholding to meet tax obligations.