XPO CEO granted 9,295 restricted stock units
Harik Mario A reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Harik Mario A reported acquisition or exercise transactions in this Form 4 filing.
XPO, Inc. reported that Chief Executive Officer Mario A. Harik received a grant of 9,295 Restricted Stock Units as equity compensation. The units were awarded at no cash cost to him and are recorded as derivative securities.
Each RSU represents a right to receive either one share of XPO common stock or a cash amount equal to the fair market value of one share upon settlement. These RSUs vest in three equal annual installments on March 15, 2027, March 15, 2028 and March 15, 2029, generally conditioned on his continued employment with the company through each vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 9,295 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- F2. These RSUs vest in three equal annual installments on March 15, 2027, March 15, 2028 and March 15, 2029, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
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