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XPO, Inc. — Director's Dealing 2024
Mar 4, 2024
30406_dirs_2024-03-04_db12081d-182e-449d-b25f-345530651514.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: XPO, Inc. (XPO)
CIK: 0001166003
Period of Report: 2024-02-29
Reporting Person: BRADLEY S JACOBS (Director, Executive Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-29 | Restricted Stock Unit | $ | A | 99102 | Acquired | Common Stock (99102) | Direct | |
| 2024-03-01 | Restricted Stock Unit | $ | A | 8292 | Acquired | Common Stock (8292) | Direct |
Footnotes
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: On February 9, 2023, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria. On February 29, 2024, the Compensation Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to 25% of such RSUs has been satisfied. The RSUs shall vest on February 9, 2025, generally subject to the Reporting Person's continued employment with the Issuer. 75% of the RSUs remain subject to the Issuer's satisfaction of certain predetermined performance criteria.
F3: These RSUs vest in three equal annual installments on March 15, 2025, March 15, 2026 and March 15, 2027, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.