Christopher Michael Brown - Nov 14, 2023 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Chief Accounting Officer
Signature
/s/ Wendy Cassity, Attorney-in-Fact
Stock symbol
XPO
Transactions as of
Nov 14, 2023
Transactions value $
-$88,209
Form type
4
Date filed
11/16/2023, 04:39 PM
Previous filing
Jul 5, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock Options Exercise $0 +2.19K +10.17% $0.00 23.7K Nov 14, 2023 Direct
transaction XPO Common Stock Tax liability -$88.2K -1.02K -4.28% $86.82 22.7K Nov 14, 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 -2.19K -50.01% $0.00 2.19K Nov 14, 2023 Common Stock 2.19K 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.