Form 4: XPO Inc. Chief Legal Officer Wendy Cassity Reports Stock Transactions
SEC Form 4 Filing
Wendy Cassity, Chief Legal Officer of XPO Inc., reports the vesting and subsequent disposal of restricted stock units.
Summary
- On March 15, 2024, Wendy Cassity, Chief Legal Officer of XPO Inc., had 8,791 restricted stock units (RSUs) vest.
- Upon vesting, these RSUs were converted into common stock.
- Also on March 15, 2024, 4,014 shares were disposed of at a price of $122.66 per share.
- Following these transactions, Cassity directly owns 4,777 shares of XPO Inc. common stock and 17,581 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction: Vesting of 8,791 RSUs and disposal of 4,014 shares. |
| 03/15/2024 | RSUs vest in three equal annual installments on March 15, 2024, March 15, 2025 and March 15, 2026. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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