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GXO Logistics, Inc. — Director's Dealing 2024
Jan 4, 2024
30911_dirs_2024-01-04_7ed061cc-d458-4822-a173-6e5e15232cac.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GXO Logistics, Inc. (GXO)
CIK: 0001852244
Period of Report: 2024-01-02
Reporting Person: Papastavrou Jason D (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-03 | Common Stock | M | 4453 | — | Acquired | 6573 | Direct |
| 2024-01-03 | Common Stock | M | 3527 | — | Acquired | 10100 | Direct |
| 2024-01-03 | Common Stock | M | 5260 | — | Acquired | 15360 | Direct |
| 2024-01-03 | Common Stock | M | 4554 | — | Acquired | 19914 | Direct |
| 2024-01-03 | Common Stock | M | 8730 | — | Acquired | 28644 | Direct |
| 2024-01-03 | Common Stock | M | 14296 | — | Acquired | 42940 | Direct |
| 2024-01-03 | Common Stock | M | 9361 | — | Acquired | 52301 | Direct |
| 2024-01-03 | Common Stock | M | 5497 | — | Acquired | 57798 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-03 | Restricted Stock Units | $ | M | 4453 | Disposed | Common Stock (4453) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 3527 | Disposed | Common Stock (3527) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 5260 | Disposed | Common Stock (5260) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 4554 | Disposed | Common Stock (4554) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 8730 | Disposed | Common Stock (8730) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 14296 | Disposed | Common Stock (14296) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 9361 | Disposed | Common Stock (9361) | Direct | |
| 2024-01-03 | Restricted Stock Units | $ | M | 5497 | Disposed | Common Stock (5497) | Direct | |
| 2024-01-02 | Restricted Stock Units | $ | A | 1282 | Acquired | Common Stock (1282) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 180208 | Indirect |
Footnotes
F1: Springer Wealth Management LLC is the direct beneficial owner of these securities. Jason D. Papastavrou is the owner of 100% of the equity of Springer Wealth Management LLC.
F2: Each Restricted Stock Unit ("RSU") represents a contingent right to receive, either (i) one share of GXO Logistics, Inc. ("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: The RSUs vested in full on January 3, 2024.
F4: The RSUs vested in full on January 3, 2022 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F5: The RSUs vested in full on January 4, 2021 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F6: The RSUs vested in full on January 2, 2019 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F7: The RSUs vested in full on January 3, 2018 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F8: The RSUs vested in full on January 4, 2017 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F9: The RSUs vested in full on January 2, 2016 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F10: The RSUs vested in full on December 11, 2013 and were subject to a deferral election. On December 23, 2022, the Compensation Committee of the Board of Directors of GXO terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after January 2, 2024 and not later than January 31, 2024. Pursuant to the terms of the termination of the director deferral, on January 3, 2024 the deferred shares of GXO Common Stock were delivered.
F11: The RSUs shall vest in full on January 2, 2025, subject to the Reporting Person's continued service as a director of GXO.