Form 4: XPO Inc. CFO Kyle Wismans Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of XPO, Inc., Kyle Wismans, reports the vesting and subsequent sale of restricted stock units.
Summary
- On March 15, 2024, Kyle Wismans, the Chief Financial Officer of XPO, Inc., had 2,988 restricted stock units (RSUs) vest.
- These RSUs converted into common stock.
- Wismans then sold 1,526 shares of common stock at a price of $122.66 per share to cover tax obligations.
- Following these transactions, Wismans directly owns 29,130 shares of XPO common stock and 5,975 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the sale of shares by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Vesting of RSUs and sale of shares. |
| 03/15/2024 | First vesting date of RSUs. |
| 03/15/2025 | Second vesting date of RSUs. |
| 03/15/2026 | Third vesting date of RSUs. |
| 03/19/2024 | Date of Form 4 signature. |
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