Christopher Michael Brown - Mar 7, 2023 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Chief Accounting Officer
Signature
/s/ Riina Tohvert, Attorney-in-Fact
Stock symbol
XPO
Transactions as of
Mar 7, 2023
Transactions value $
-$27,169
Form type
4
Date filed
3/9/2023, 04:00 PM
Previous filing
Mar 8, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock, par value $0.001 per share Options Exercise $0 +1.66K +17.03% $0.00 11.4K Mar 7, 2023 Direct
transaction XPO Common Stock, par value $0.001 per share Tax liability -$27.2K -769 -6.74% $35.33 10.6K Mar 7, 2023 Direct F1

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 Options Exercise $0 -1.66K -25% $0.00 4.98K Mar 7, 2023 Common Stock, par value $0.001 per share 1.66K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled as originally scheduled, and there were no related discretionary transactions or open market sales.
F2 Each 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.
F3 These RSUs vest in four equal annual installments on March 7, 2023, March 7, 2024, March 7, 2025 and March 7, 2026, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.