Lance A. Robinson - Aug 2, 2021 Form 4 Insider Report for XPO Logistics, Inc. (XPO)

Role: Chief Accounting Officer
Signature: /s/ Lance A. Robinson
Stock symbol: XPO
Transactions as of: Aug 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/4/2021, 09:57 PM
Previous filing: Jun 17, 2021
Next filing: Oct 5, 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPO	Restricted Stock Unit	Award	$0	+8.71K	+8.21%	$0.00	115K	Aug 2, 2021	Common Stock, par value $0.001 per share	8.71K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 December 8, 2020, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria. On August 2, 2021, the performance criteria applicable to such RSUs was satisfied. 4,353 RSUs shall vest on December 8, 2022 and 4,352 RSUs shall vest on December 8, 2023, generally subject to the Reporting Person's continued employment with the Issuer through the date of such later occurrence.

Content

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 December 8, 2020, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria. On August 2, 2021, the performance criteria applicable to such RSUs was satisfied. 4,353 RSUs shall vest on December 8, 2022 and 4,352 RSUs shall vest on December 8, 2023, generally subject to the Reporting Person's continued employment with the Issuer through the date of such later occurrence.