Refsgaard Corinna 4

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.