Refsgaard Corinna 4

What Happened
Corinna Refsgaard, Chief Human Resources Officer of GXO Logistics (GXO), had 2,676 restricted stock units (RSUs vest and settle) on April 8, 2026. The RSUs converted to 2,676 shares (recorded as an exercise/conversion of a derivative, code M). GXO withheld 2,222 of those shares to cover tax withholding at an implied price of $53.27 per share, equal to $118,366; the net shares delivered to Refsgaard were 454. There were no open-market sales by the reporting person.

Key Details

• Transaction date: April 8, 2026.
• Conversion: 2,676 RSUs converted to 2,676 shares (exercise/conversion, code M) at $0.00 exercise price.
• Tax withholding: 2,222 shares withheld (code F) at $53.27 per share for $118,366 in tax liability.
• Net shares delivered to insider: 454 shares (2,676 settled − 2,222 withheld).
• Footnotes: Shares were withheld by GXO to satisfy tax withholding for vesting/settlement of RSUs; no discretionary or open-market sales. RSUs represent a right to one share (or cash equivalent) and vest in three equal annual installments on April 8, 2025, 2026, and 2027, subject to continued employment.
• Filing timeliness: Reported and filed for the transaction date (no late filing indicated in the provided excerpt).

Context
This was a routine RSU vesting and company tax-withholding event (cashless settlement), not an open-market sale or purchase. Such withholding is common and does not necessarily signal insider sentiment; purchases generally carry more informational weight for investors than routine vesting or tax-withholding transactions.