Blanchett Paul 4

What Happened

• Paul Blanchett, Chief Accounting Officer of GXO Logistics, was granted 4,944 restricted stock units (RSUs) on March 1, 2026. The Form 4 shows the award as a derivative acquisition at $0.00 (no cash paid).
• These RSUs represent rights to receive GXO common stock (or cash equal to the stock value) and were converted from previously awarded performance share units (PSUs) that were certified as earned effective March 1, 2026. The converted RSUs will vest on January 15, 2027, subject to Blanchett’s continued employment.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Amount: 4,944 RSUs; reported price $0.00 (grant/award, not a purchase or sale).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — each RSU converts to one share of GXO common stock or cash equal to fair market value; F2 — PSUs granted Mar 7, 2023 were certified as earned and converted to time-based RSUs that vest Jan 15, 2027.
• Transaction code: A = Award/Grant (derivative).

Context

• This was an award of earned performance units converted to time-based RSUs, not an open-market buy or sale. Such awards are typically part of executive compensation and vest in the future, so they do not represent an immediate purchase or sale of stock.