SEC Form 4 · accession 0001166003-18-000039
XPO, Inc. · XPO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance A Robinson
Officer — Chief Accounting Officer
Period of report
Feb 19, 2018
Accepted (ET)
Feb 21, 2018 · 7:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166003
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | Feb 19, 2018 | A | 40,000 | $0.00 | A | 52,422 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 19, 2018 | F | 17,976 | $91.43 | D | 34,446 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 1, 2015, the Reporting Person was granted 100,000 unvested performance-based restricted stock units ("PRSUs"), subject to the Issuer's satisfaction of certain predetermined performance criteria and the Reporting Person's continued employment with the Issuer. On February 19, 2018, the Compensation Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to such PRSUs has been satisfied. 40% of the PRSUs vested on February 19, 2018, and 20% of the PRSUs will vest on October 1, 2018, October 1, 2019 and October 1, 2020 each.
- F2No 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 PRSUs reported on this Form 4. These PRSUs vested and were settled as originally scheduled, and there were no related discretionary transactions or open market sales.