XPO CEO exercises RSUs, withholds shares for tax
XPO, Inc. Chief Executive Officer Mario A. Harik reported equity compensation activity involving restricted stock units that converted into common stock.
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Rhea-AI Filing Summary
XPO, Inc. Chief Executive Officer Mario A. Harik reported equity compensation activity involving restricted stock units that converted into common stock. On March 10, 2026, 295,202 restricted stock units vested and were exercised into 295,202 shares of common stock at a conversion price of $0.00 per share. A total of 142,731 common shares were then withheld at $194.68 per share to cover tax obligations, leaving Harik with 490,007 shares of common stock held directly after these transactions. The vested units had been granted on March 6, 2023 and became fully vested effective March 6, 2026 after the board committee certified that the performance criteria were satisfied.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 295,202 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 295,202 | $0.00 | $0.00 |
| Exercise | Common Stock | 295,202 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 142,731 | $194.68 | $27.79M |
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. On March 6, 2023, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria and the Reporting Person's continued employment with the Issuer. On March 10, 2026, the Compensation and Human Capital Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to such RSUs had been satisfied, resulting in the vesting of 100% such RSUs effective March 6, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did XPO (XPO) CEO Mario A. Harik report on this Form 4?
Were XPO CEO Mario Harik’s Form 4 transactions open-market buys or sells?
What performance-based restricted stock units vested for XPO CEO Mario Harik?
AI-generated analysis. How Rhea-AI works. Not financial advice.