Tulsyan Ravi 4
4 · XPO Logistics, Inc. · Filed Mar 14, 2022
Insider Transaction Report
Form 4
Tulsyan Ravi
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-03-10−1,176→ 3,526 total→ Common Stock, par value $0.001 per share (1,176 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2022-03-10+1,176→ 53,244 total - Tax Payment
Common Stock, par value $0.001 per share
2022-03-10$72.39/sh−545$39,453→ 52,699 total
Footnotes (3)
- [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 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]These RSUs vest in four equal annual installments on March 10, 2022, March 10, 2023, March 10, 2024 and March 10, 2025, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.