Kelleher Patrick Michael 4

What Happened Patrick Kelleher, CEO of GXO Logistics (GXO), received an award of 22,283 restricted stock units (RSUs) on March 1, 2026. The grant is reported as a derivative acquisition (transaction code A) with an acquisition price of $0.00 — the RSUs are a contingent right to receive either one share of GXO common stock or a cash payment equal to the share’s fair market value at settlement.

Key Details

• Transaction date: March 1, 2026; Filing date: March 3, 2026 (Form 4 accession 0002083230-26-000003). Filing appears timely.
• Grant: 22,283 RSUs; reported acquisition price: $0.00 (derivative award).
• Vesting: RSUs vest in three equal annual installments on March 1, 2027; March 1, 2028; and March 1, 2029, subject to continued employment (see footnotes).
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: F1 — each RSU converts to either one share of GXO common stock or a cash payment equal to the fair market value of one share; F2 — vesting schedule noted above.

Context This is a compensation award, not an open-market purchase or sale. RSUs typically convert to shares (or cash) only upon vesting and therefore do not represent immediately tradable stock. Such grants are routine for executive compensation and do not by themselves indicate a buy or sell signal.