XPO, Inc. 8-K

What Happened
XPO, Inc. announced (Form 8-K, Item 5.02) that the Board appointed Michael Kneeland as a director, effective July 27, 2026. Mr. Kneeland is the non-executive chairman of United Rentals and served as United Rentals’ CEO from 2007–2019. He will serve through XPO’s 2027 annual meeting or until his successor is elected.

Key Details

• Appointment effective July 27, 2026; Board voted on July 24, 2026.
• Term: initial term ends at the Company’s 2027 annual meeting of stockholders (or earlier if successor elected/other events).
• Compensation: as a non-employee director, he is eligible for an annual cash retainer (currently $80,000) and an annual RSU grant (currently $190,000 value).
• On July 27, 2026 Mr. Kneeland received a prorated grant of 388 RSUs that vest on January 4, 2027, subject to continued service.
• Other roles: director of GXO Logistics since 2025 and non-executive chair of Gildan Activewear since 2024. No related‑party transactions with XPO since the start of the last fiscal year.

Why It Matters
This adds an experienced logistics and equipment-rental executive to XPO’s board, potentially strengthening operational and governance expertise at the director level. The filing clarifies his compensation and vesting schedule (cash retainer + RSUs) and confirms there are no reportable related‑party transactions or special arrangements connected to his appointment.