Michael G. Jesselson - Jan 2, 2025 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, 2025
Transactions value $
$0
Form type
4
Date filed
1/6/2025, 04:59 PM
Previous filing
Jun 11, 2024

Transactions Table

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 -10.4K -100% $0.00 0 Jan 2, 2025 Common Stock 10.4K Direct F8, F9
transaction XPO Restricted Stock Unit Options Exercise $0 -5.45K -100% $0.00 0 Jan 2, 2025 Common Stock 5.45K Direct F8, F10
transaction XPO Restricted Stock Unit Options Exercise $0 -2.16K -100% $0.00 0 Jan 2, 2025 Common Stock 2.16K Direct F8, F11
transaction XPO Restricted Stock Units Award $0 +1.37K $0.00 1.37K Jan 2, 2025 Common Stock 1.37K Direct F8, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,000 of these securities are held an individual retirement account of Michael G. Jesselson.
F2 The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities. Michael G. Jesselson is the beneficiary of each of these trusts.
F3 Michael G. Jesselson's spouse is the direct beneficial owner of these securities.
F4 These securities are held by the JJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F5 These securities are held by the RAJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F6 These securities are held by the SJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F7 The Michael G. Jesselson and Linda Jesselson, Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson is the direct beneficial owner of these securities. Michael G. Jesselson is a trustee of the trust.
F8 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.
F9 The RSUs vested in full on January 3, 2018 and were 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 not later than March 31, 2025. The RSUs were settled and Common Stock was delivered to the Reporting Person on January 2, 2025.
F10 The RSUs vested in full on January 2, 2019 and were 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 not later than March 31, 2025. The RSUs were settled and Common Stock was delivered to the Reporting Person on January 2, 2025.
F11 The RSUs vested in full on January 2, 2025.
F12 The RSUs shall vest in full on January 2, 2026, subject to the Reporting Person's continued service as a director of the Issuer.