Refsgaard Corinna 4
4 · GXO Logistics, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
GXO CHRO Corinna Refsgaard Receives Award — 10,499 RSUs (5,776 Withheld)
What Happened Corinna Refsgaard, Chief Human Resources Officer at GXO Logistics (GXO), had restricted stock units (RSUs) vesting that converted into 10,499 shares on March 7, 2026. The RSUs converted at $0.00 (derivative conversion/exercise). To cover tax withholding, GXO withheld 5,776 shares on March 9, 2026 at $55.76 per share, totaling $322,070. After withholding, Refsgaard retained a net 4,723 shares.
Key Details
- Transaction dates: RSUs vested/converted March 7, 2026 (reported as derivative exercise, code M); withholding for tax liability occurred March 9, 2026 (code F).
- Share counts and values: 10,499 shares issued on vesting (6,562 + 3,937); 5,776 shares withheld at $55.76 = $322,070; net shares delivered = 4,723.
- Prices: conversion/exercise recorded at $0.00; withholding price $55.76 per share.
- Footnotes: Company withheld shares to satisfy tax liability; no shares were sold by the reporting person and there were no open-market sales or discretionary transactions. The RSUs vest in three equal annual installments (Mar 7, 2026; Mar 7, 2027; Mar 7, 2028). Each RSU represents a contingent right to one share (or cash equivalent).
- Filing: Form 4 filed March 10, 2026 reporting the March 7, 2026 vesting/settlement.
Context This filing reflects routine RSU vesting and company tax-withholding (common for equity compensation), not an open-market sale by the insider. Code M denotes conversion/exercise of a derivative (RSU settlement); code F records shares withheld to pay taxes. Such transactions are usually administrative and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-07+6,562→ 8,822 total - Exercise/Conversion
Common Stock
2026-03-07+3,937→ 12,759 total - Tax Payment
Common Stock
[F1]2026-03-09$55.76/sh−5,776$322,070→ 6,983 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-07−6,562→ 13,124 total→ Common Stock (6,562 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-07−3,937→ 7,875 total→ Common Stock (3,937 underlying)
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 on March 7, 2026 and were settled on March 9, 2026, 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]These RSUs vest in three equal annual installments on March 7, 2026, March 7, 2027, and March 7, 2028, subject to the Reporting Person's continued employment with the GXO.