Lance A. Robinson - 01 Oct 2021 Form 4 Insider Report for XPO Logistics, Inc. (XPO)

Role
Chief Accounting Officer
Signature
/s/ Riina Tohvert, Attorney-in-Fact
Issuer symbol
XPO
Transactions as of
01 Oct 2021
Transactions value $
-$709,701
Form type
4
Filing time
05 Oct 2021, 19:33:53 UTC
Previous filing
04 Aug 2021
Next filing
19 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock, par value $0.001 per share Options Exercise $0 +16.5K +26.37% $0.00 79.2K 01 Oct 2021 Direct
transaction XPO Common Stock, par value $0.001 per share Tax liability -$710K -8.78K -11.09% $80.85 70.4K 01 Oct 2021 Direct F1

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 Options Exercise $0 -16.5K -20% $0.00 66.1K 01 Oct 2021 Common Stock, par value $0.001 per share 16.5K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on October 1, 2021 as originally scheduled and there were no related discretionary transactions or open market sales.
F2 Each 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.
F3 Reflects previously granted RSUs with adjustments to the number of shares of Common Stock underlying such RSUs to maintain the economic value of the shares of Common Stock underlying the RSUs prior to the Issuer's spin-off of its logistics segment on August 2, 2021 (the "Spin-off"). These previously granted RSUs have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.
F4 The RSUs vest in ten equal annual installments, beginning on October 1, 2016 and continuing on the next nine anniversaries thereof, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Remarks:

See Exhibit 24, Power of Attorney, attached.