XPO.NYSEXpo, INC

Form 4: XPO Inc. Chief Accounting Officer Acquires Restricted Stock Units

Sentiment:

SEC Form 4 Filing

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Christopher Michael Brown, Chief Accounting Officer of XPO Inc., acquired 1,368 Restricted Stock Units (RSUs) on March 1, 2024, which vest in equal annual installments over three years.

Summary

  • On March 1, 2024, Christopher Michael Brown, the Chief Accounting Officer of XPO Inc., acquired 1,368 Restricted Stock Units (RSUs).
  • These RSUs represent a contingent right to receive either one share of Common Stock or a cash payment equal to the fair market value of one share of Common Stock upon settlement.
  • The RSUs vest in three equal annual installments on March 15, 2025, March 15, 2026, and March 15, 2027, contingent upon Brown's continued employment with XPO Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock-based compensation, so the sentiment is neutral.

Industry Context

This is a standard Form 4 filing, reflecting a change in beneficial ownership of securities by a company insider. It's a routine part of executive compensation and alignment with shareholder interests.

Stakeholder Impact

  • The granting of RSUs aligns the executive's interests with those of the shareholders, as the value of the RSUs is tied to the performance of the company's stock.

Key Dates

DateDescription
03/01/2024Date of transaction: Christopher Michael Brown acquired 1,368 Restricted Stock Units.
03/04/2024Date of Form 4 filing.
03/15/2025First vesting date for one-third of the RSUs.
03/15/2026Second vesting date for one-third of the RSUs.
03/15/2027Final vesting date for the remaining one-third of the RSUs.

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