XPO, Inc. (NYSE: XPO) director Michael Kneeland reports zero share ownership
Rhea-AI Filing Summary
XPO, Inc. submitted an initial insider report for Michael Kneeland, who joined the company as a director. At the time he became a director, he did not beneficially own, directly or indirectly, any securities of XPO, Inc., and no insider transactions or holdings are reported.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 0 shares
1 metrics
Shares beneficially owned
0 shares
At the time Michael Kneeland became a director of XPO, Inc.
Key Terms
beneficially own, Reporting Person, Power of Attorney
3 terms
beneficially own regulatory
"did not beneficially own, directly or indirectly, any securities of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Reporting Person regulatory
"the Reporting Person did not beneficially own, directly or indirectly, any securities"
Power of Attorney regulatory
"See Exhibit 24, Power of Attorney attached"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the XPO (XPO) initial insider report for Michael Kneeland show?
The report states that Michael Kneeland, upon becoming a director of XPO, Inc., did not beneficially own, directly or indirectly, any of the company’s securities. It lists no transactions or existing share holdings for him.
What position does Michael Kneeland hold at XPO (XPO) in this disclosure?
Michael Kneeland is identified as a director of XPO, Inc.. The disclosure notes his board role and clarifies that, at the time he assumed this directorship, he had no beneficial ownership of the company’s securities.
What is said about beneficial ownership in XPO’s (XPO) disclosure for Michael Kneeland?
The disclosure states that Kneeland did not beneficially own, directly or indirectly, any securities of XPO, Inc. when he became a director. This means he held no reportable equity stake in the company at that time.
Why is a Power of Attorney mentioned in the XPO (XPO) insider report?
The remarks reference an attached Power of Attorney, indicating a separate document authorizing someone to act on the reporting person’s behalf. It is cited as Exhibit 24 but its detailed terms are not described in the summary information.