Form 4: XPO Inc. CFO Kyle Wismans Reports Stock Transactions
SEC Form 4
Chief Financial Officer of XPO Inc., Kyle Wismans, reports the vesting and subsequent disposal of common stock and restricted stock units.
Summary
- On March 10, 2024, Kyle Wismans, the Chief Financial Officer of XPO Inc., reported transactions involving XPO's common stock and restricted stock units (RSUs).
- 1,089 RSUs vested and were converted into common stock.
- Simultaneously, 556 shares were disposed of at a price of $122.43 per share.
- Following these transactions, Wismans directly owns 27,668 shares of common stock and 1,087 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of stock and RSU transactions |
| 03/10/2024 | RSUs vest in two annual installments on this date and March 10, 2025 |
| 03/11/2024 | Date of signature for the Form 4 filing |
| 03/10/2025 | Second vesting date for RSUs |
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