Christopher Michael Brown - Nov 1, 2022 Form 4 Insider Report for XPO Logistics, Inc. (XPO)

Role: Chief Accounting Officer
Signature: /s/ Riina Tohvert, Attorney-in-Fact
Stock symbol: XPO
Transactions as of: Nov 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/17/2022, 06:28 PM
Previous filing: Mar 17, 2022
Next filing: Dec 12, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPO	Restricted Stock Unit	Award	$0	+17.8K		$0.00	17.8K	Nov 1, 2022	Common Stock, par value $0.001 per share	17.8K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
F2	On March 8, 2022, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria. On November 1, 2022, the performance criteria applicable to such RSUs was satisfied. 100% of the RSUs shall vest on June 30, 2023, generally subject to the Reporting Person's continued employment with the Issuer through the date of such later occurrence.

Content

Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.

On March 8, 2022, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria. On November 1, 2022, the performance criteria applicable to such RSUs was satisfied. 100% of the RSUs shall vest on June 30, 2023, generally subject to the Reporting Person's continued employment with the Issuer through the date of such later occurrence.