Christopher Michael Brown - 30 Jun 2023 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Chief Accounting Officer
Signature
/s/ Wendy Cassity, Attorney-in-Fact
Issuer symbol
XPO
Transactions as of
30 Jun 2023
Net transactions value
-$485,629
Form type
4
Filing time
05 Jul 2023, 17:01:58 UTC
Previous filing
17 Mar 2023
Next filing
16 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock Options Exercise $0 +17,762 +148% $0.000000 29,775 30 Jun 2023 Direct
transaction XPO Common Stock Tax liability $485,629 -8,231 -28% $59.00 21,544 30 Jun 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 -17,762 -100% $0.000000* 0 30 Jun 2023 Common Stock 17,762 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 vested fully on June 30, 2023.

Remarks:

See Exhibit 24, Power of Attorney, attached.