GXO Logistics (NYSE: GXO) CAO logs RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GXO Logistics, Inc. Chief Accounting Officer Paul Blanchett reported routine equity compensation activity. On March 7, 2026, multiple tranches of Restricted Stock Units (RSUs) vested and were exercised into a total of 8,429 shares of common stock at a conversion price of $0.00 per share. On March 9, 2026, 3,908 common shares were withheld by GXO at $55.76 per share to cover tax liabilities related to this vesting, with no open market sales or discretionary transactions. Following these events, Blanchett directly owned 25,290 shares of GXO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,429 shares exercised/converted
Mixed
9 txns
Insider
Blanchett Paul
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,908 | $55.76 | $218K |
| Exercise | Restricted Stock Units | 1,246 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,323 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,673 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,187 | $0.00 | -- |
| Exercise | Common Stock | 1,246 | $0.00 | -- |
| Exercise | Common Stock | 3,323 | $0.00 | -- |
| Exercise | Common Stock | 1,673 | $0.00 | -- |
| Exercise | Common Stock | 2,187 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,290 shares (Direct);
Restricted Stock Units — 1,246 shares (Direct)
Footnotes (1)
- 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. 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. These RSUs vest in four equal installments on March 7, 2024, March 7, 2025, March 7, 2026 and March 7, 2027, subject to the Reporting Person's continued employment with GXO. These RSUs vest in three equal annual installments on March 7, 2025, March 7, 2026, and March 7, 2027, subject to the Reporting Person's continued employment with GXO. 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.
FAQ
What insider transaction did GXO (GXO) Chief Accounting Officer Paul Blanchett report?
Paul Blanchett reported RSU vesting and related tax withholding, not an open market trade. Several Restricted Stock Units converted into GXO common stock, and some shares were retained by the company to cover associated tax obligations.
Were Paul Blanchett’s GXO (GXO) RSUs tied to ongoing employment conditions?
Yes, the RSUs vest in scheduled annual installments on March 7 of various years, subject to Blanchett’s continued employment with GXO. Different RSU grants have three- or four-year vesting schedules based on the original award terms.