Fogarty Elizabeth 4

What Happened

• Elizabeth Fogarty, Chief Communications Officer of GXO Logistics (GXO), was granted two restricted stock unit (RSU) awards on March 1, 2026. The grants are reported as derivative awards: 5,933 RSUs and 5,969 RSUs, totaling 11,902 RSUs, acquired at a reported price of $0.00 (i.e., awards, not open-market purchases). The filing shows these RSUs represent contingent rights to receive shares (or cash equal to share value) and do not reflect an immediate cash transaction.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Awarded RSUs: 5,933 and 5,969 (total 11,902 RSUs); reported acquisition price $0.00 (award).
• Shares owned after transaction: not disclosed in the provided filing extract.
• Footnotes:
  • F1: Each RSU equals a contingent right to one share of GXO common stock or a cash payment equal to the share’s fair market value.
  • F2: One grant reflects Performance Share Units (PSUs) granted March 7, 2023 that were certified as earned March 1, 2026; those PSUs converted to time-based RSUs vesting Jan 15, 2027, subject to continued employment.
  • F3: The other RSUs vest in three equal annual installments on March 1, 2027, 2028 and 2029, subject to continued employment.
• No late-filing flag indicated in the provided information.

Context

• These awards are compensation-related (grants of RSUs/converted PSUs), not open-market purchases or sales; they’re common executive pay and don’t necessarily signal a buy/sell decision.
• As derivative awards, the RSUs convert into shares (or cash) upon vesting according to the schedules noted; they do not provide immediate liquidity unless the filing indicates subsequent sales.