David J. Bates - Apr 21, 2023 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Chief Operating Officer
Signature
/s/ Riina Tohvert, Attorney-in-Fact
Stock symbol
XPO
Transactions as of
Apr 21, 2023
Transactions value $
$0
Form type
4
Date filed
4/25/2023, 05:21 PM
Previous filing
Feb 27, 2023
Next filing
Mar 4, 2024

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 +11.9K $0.00 11.9K Apr 21, 2023 Common Stock, par value $0.001 per share 11.9K Direct F1, F2
transaction XPO Restricted Stock Unit Award $0 +60.2K $0.00 60.2K Apr 21, 2023 Common Stock, par value $0.001 per share 60.2K Direct F1, F3
* 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 These RSUs vest in three equal annual installments on March 15, 2024, March 15, 2025 and March 15, 2026, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
F3 These RSUs vest in two equal annual installments on April 21, 2024 and April 21, 2025, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.