Christopher Michael Brown - 14 Nov 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
14 Nov 2023
Net transactions value
-$88,209
Form type
4
Filing time
16 Nov 2023, 16:39:55 UTC
Previous filing
05 Jul 2023
Next filing
12 Dec 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 +2,192 +10% $0.000000 23,736 14 Nov 2023 Direct
transaction XPO Common Stock Tax liability $88,209 -1,016 -4.3% $86.82 22,720 14 Nov 2023 Direct

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 -2,192 -50% $0.000000 2,191 14 Nov 2023 Common Stock 2,192 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 2,192 of these RSUs vested on November 14, 2023, 1,095 RSUs shall vest on November 14, 2024, and 1,096 RSUs shall vest on November 14, 2025, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Remarks:

See Exhibit 24, Power of Attorney, attached.