XPO (XPO) CEO Harik exercises 295,202 RSUs and withholds 142,731 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
295,202 shares exercised/converted
Mixed
4 txns
Insider
Harik Mario A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 295,202 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 295,202 | $0.00 | -- |
| Exercise | Common Stock | 295,202 | $0.00 | -- |
| Tax Withholding | Common Stock | 142,731 | $194.68 | $27.79M |
Holdings After Transaction:
Restricted Stock Unit — 295,202 shares (Direct);
Common Stock — 632,738 shares (Direct)
Footnotes (1)
- 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. 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
What insider transactions did XPO (XPO) CEO Mario A. Harik report on this Form 4?
Mario A. Harik reported vesting and exercise of 295,202 restricted stock units into common stock, followed by 142,731 shares withheld to cover tax obligations. After these equity compensation events, he directly held 490,007 shares of XPO common stock.
Were XPO CEO Mario Harik’s Form 4 transactions open-market buys or sells?
The transactions were not open-market buys or sells. They reflect equity compensation events: a grant and vesting of restricted stock units, their exercise into common stock, and a share disposition solely to satisfy tax obligations associated with the vesting.
What performance-based restricted stock units vested for XPO CEO Mario Harik?
Performance-based restricted stock units granted on March 6, 2023 vested for Mario Harik. On March 10, 2026, XPO’s Compensation and Human Capital Committee certified that the performance criteria were met, causing 295,202 units to vest effective March 6, 2026 and convert into common stock.