Blanchett Paul 4

What Happened

• Paul Blanchett, Chief Accounting Officer of GXO Logistics (GXO), had restricted stock units (RSUs) vest on March 7, 2026 and settled on March 9, 2026. A total of 8,429 RSU-derived shares were issued (several exercise/conversion entries at $0 exercise price). To cover tax withholding, GXO withheld 3,908 shares at $55.76 per share, totaling $217,910. The net shares delivered to Blanchett were approximately 4,521. There was no open-market sale by the reporting person.

Key Details

• Transaction dates: RSU vesting/derivative conversion reported March 7, 2026; settlement/tax withholding occurred March 9, 2026; Form 4 filed March 10, 2026 (timely).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion at $0); F = payment of tax liability (shares withheld).
• Withheld for taxes: 3,908 shares × $55.76 = $217,910 (shares withheld by GXO, not sold on open market).
• Total RSU shares vested/converted: 8,429; net shares received by Blanchett ≈ 4,521.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes: F1 confirms withheld shares were used to fund tax liabilities and there were no discretionary or open market sales; F2–F5 describe the RSU definition and vesting schedules applicable to the awards.

Context

• This was a routine RSU vesting and settlement with tax-withholding, not a voluntary sale. Withholding of shares to cover taxes is common (a form of cashless settlement) and does not by itself signal a deliberate market-timing sale by the insider.