Ravi Tulsyan - Nov 1, 2022 Form 4 Insider Report for XPO Logistics, Inc. (XPO)

Role
Chief Financial 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, 06:29 PM
Previous filing
Oct 17, 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 +82.9K $0.00 82.9K Nov 1, 2022 Common Stock, par value $0.001 per share 82.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ravi Tulsyan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 7, 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 March 7, 2025, generally subject to the Reporting Person's continued employment with the Issuer through the date of such later occurrence.

Remarks:

Effective November 8, 2022, Mr. Tulsyan transitioned to the role of Senior Advisor, Finance.