Form 4: XPO Inc. Chief Accounting Officer Christopher Michael Brown Reports Stock Transactions
SEC Form 4 Filing
Christopher Michael Brown, Chief Accounting Officer of XPO Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 15, 2024, Christopher Michael Brown, Chief Accounting Officer of XPO Inc., had 1,655 restricted stock units (RSUs) vest.
- Upon vesting, Brown received 1,655 shares of common stock.
- 767 shares were then disposed of to cover tax obligations at a price of $122.66 per share.
- Following these transactions, Brown directly owns 27,083 shares of XPO Inc. common stock and 3,309 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no indication of positive or negative sentiment.
Future Outlook
The remaining RSUs vest in equal annual installments on March 15, 2025, and March 15, 2026, subject to continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction: Vesting of 1,655 Restricted Stock Units and subsequent tax withholding. |
| 03/15/2025 | Next vesting date for RSUs in equal annual installments. |
| 03/15/2026 | Final vesting date for RSUs in equal annual installments. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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