GXO Logistics (NYSE: GXO) CLO gains shares, covers taxes via RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GXO Logistics, Inc. Chief Legal Officer Karlis Kirsis reported routine equity compensation activity. On March 7, 2026, restricted stock units (RSUs) vested and were settled on March 9, 2026, converting into GXO common shares as originally scheduled.
Kirsis acquired a total of 13,274 shares of common stock through RSU exercises, and 6,240 shares were withheld at a price of $55.76 per share to cover tax liabilities. A footnote states that no shares were sold and there were no discretionary or open‑market transactions. Following these events, Kirsis directly owns 51,126 shares of GXO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,274 shares exercised/converted
Mixed
7 txns
Insider
Kirsis Karlis
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,240 | $55.76 | $348K |
| Exercise | Restricted Stock Units | 3,239 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,348 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,687 | $0.00 | -- |
| Exercise | Common Stock | 3,239 | $0.00 | -- |
| Exercise | Common Stock | 4,348 | $0.00 | -- |
| Exercise | Common Stock | 5,687 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,126 shares (Direct);
Restricted Stock Units — 3,240 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 GXO.
FAQ
What did GXO (GXO) insider Karlis Kirsis report in this Form 4?
Karlis Kirsis reported RSU vesting that converted into GXO common stock and a related tax withholding. The filing shows routine equity compensation activity rather than discretionary trading, with no open-market share sales disclosed in the transactions or footnotes.
What role do restricted stock units (RSUs) play in this GXO Form 4 filing?
Restricted stock units are the core of this filing. RSUs vested on March 7, 2026 and were settled on March 9, 2026 into GXO common shares, with some shares withheld to cover taxes. This represents scheduled compensation, not discretionary stock market trading.