Jason W. Aiken - Jan 2, 2024 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Director
Signature
/s/ Wendy Cassity, Attorney-in-Fact
Stock symbol
XPO
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:15 PM
Previous filing
Aug 16, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock Options Exercise $0 +5.48K +595.65% $0.00 6.4K Jan 2, 2024 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 -5.48K -100% $0.00* 0 Jan 2, 2024 Common Stock 5.48K Direct F1, F2
transaction XPO Restricted Stock Unit Award $0 +2.16K $0.00 2.16K Jan 2, 2024 Common Stock 2.16K Direct F1, F3
holding XPO Restricted Stock Unit 4.04K Jan 2, 2024 Common Stock 4.04K Direct F1, F4
* 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 The RSUs vested in full on January 2, 2024.
F3 The RSUs shall vest in full on January 2, 2025, subject to the Reporting Person's continued service as a director of the Issuer.
F4 The RSUs vested in full on January 3, 2023 and are subject to a deferral election. On March 23, 2023, the Board of Directors of the Issuer terminated the deferral and accelerated the payment of the RSUs to as soon as practicable after April 1, 2024 and no later than March 31, 2025.

Remarks:

See Exhibit 24, Power of Attorney, attached.