4//SEC Filing
Robinson Lance A 4
Accession 0001166003-20-000051
CIK 0001166003other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 5:01 PM ET
Size
13.1 KB
Accession
0001166003-20-000051
Insider Transaction Report
Form 4
Robinson Lance A
Global CAO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2020-10-01−10,000→ 50,000 total→ Common Stock, par value $0.001 per share (10,000 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2020-10-01+20,000→ 75,237 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2020-10-01+10,000→ 85,237 total - Tax Payment
Common Stock, par value $0.001 per share
2020-10-01$85.18/sh−14,691$1,251,379→ 70,546 total - Exercise/Conversion
Restricted Stock Unit
2020-10-01−20,000→ 0 total→ Common Stock, par value $0.001 per share (20,000 underlying)
Footnotes (4)
- [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, 2020 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]The RSUs vest in ten equal annual installments of 10,000 shares, 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.
- [F4]On October 1, 2015, the Reporting Person was granted 100,000 unvested performance-based RSUs ("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% vested on October 1, 2018, October 1, 2019 and October 1, 2020 each.
Documents
Issuer
XPO Logistics, Inc.
CIK 0001166003
Entity typeother
Related Parties
1- filerCIK 0001654704
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 5:01 PM ET
- Size
- 13.1 KB