RSU award for XPO (XPO) Chief Legal Officer vests 2027-2029
Rhea-AI Filing Summary
XPO, Inc. reported that Chief Legal Officer Wendy Cassity acquired 2,277 Restricted Stock Units (RSUs) as an equity award. Each RSU represents a contingent right to receive either one share of common stock or a cash payment 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 Cassity’s continued employment with XPO through each vesting date.
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FAQ
What insider transaction did XPO (XPO) report for Wendy Cassity?
XPO reported that Chief Legal Officer Wendy Cassity received a grant of 2,277 Restricted Stock Units (RSUs). These units are a form of equity compensation that may settle in stock or cash based on the fair market value at the time of settlement.
How many Restricted Stock Units did Wendy Cassity receive from XPO (XPO)?
Wendy Cassity received 2,277 Restricted Stock Units (RSUs). Following this award, her reported holdings of these RSUs total 2,277 units, reflecting this new grant as a component of her overall compensation as XPO’s Chief Legal Officer.
What is the vesting schedule for Wendy Cassity’s XPO (XPO) RSUs?
The 2,277 RSUs vest in three equal annual installments on March 15, 2027, March 15, 2028, and March 15, 2029. Vesting generally requires Cassity to remain employed by XPO through each respective vesting date.
What does each XPO (XPO) RSU granted to Wendy Cassity represent?
Each RSU represents a contingent right to receive either one share of XPO common stock or a cash payment equal to the fair market value of one share. The actual delivery occurs upon settlement after the RSUs vest.
Are Wendy Cassity’s XPO (XPO) RSUs settled in stock or cash?
Each RSU may be settled in either one share of XPO common stock or a cash amount equal to the fair market value of one share. The structure gives flexibility in how value is ultimately delivered upon settlement.
What employment condition applies to Wendy Cassity’s XPO (XPO) RSU award?
The RSUs generally require continued employment with XPO through each vesting date. If Cassity remains employed through March 15 of 2027, 2028, and 2029, one-third of the original 2,277-unit grant vests at each of those dates.