Form 4: XPO Inc. COO David J. Bates Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer of XPO Inc., David J. Bates, reports the vesting and subsequent disposal of shares related to restricted stock units.
Summary
- David J. Bates, the Chief Operating Officer of XPO Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 21, 2024, 30,100 restricted stock units (RSUs) vested.
- Upon vesting, Bates received 30,100 shares of common stock.
- Also on April 21, 2024, 13,229 shares were disposed of at a price of $114.49 per share.
- Following these transactions, Bates directly owns 19,226 shares of XPO Inc. common stock and 30,100 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining RSUs vest in two equal annual installments on April 21, 2025, subject to continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the COO's stock transactions, which can be monitored by investors for insights into management's perspective on the company's value.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's views on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 04/21/2024 | Vesting of 30,100 Restricted Stock Units and disposal of 13,229 shares. |
| 04/21/2025 | Next vesting date for RSUs. |
| 04/22/2024 | Date of signature for the Form 4 filing. |
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