Harik Mario A 4

What Happened

• Mario A. Harik, CEO of XPO, was granted 9,295 restricted stock units (RSUs) on March 2, 2026. The reported acquisition price is $0.00 because these are derivative awards (RSUs) rather than open-market purchases. The award has no immediate cash value until settlement and conversion to shares or cash.

Key Details

• Transaction date: 2026-03-02 (reported on Form 4 filed 2026-03-03).
• Transaction type/code: Award/Grant (A); 9,295 RSUs granted at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each RSU is a contingent right to receive either one share of common stock or a cash payment equal to the share’s fair market value upon settlement.
  • F2: RSUs vest in three equal annual installments on March 15, 2027, March 15, 2028 and March 15, 2029, generally subject to continued employment.
• Filing timeliness: Form filed the day after the grant date (appears timely).

Context

• These RSUs are a compensation award, not a purchase or sale; they convert to stock or cash only if and when they vest/settle. Such grants are common for executives and are typically intended to align management incentives with shareholder value over time. This transaction does not indicate an immediate market purchase or sale by the CEO.