Wismans Kyle 4
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XPO CFO Kyle Wismans Receives 4,880 RSU Award
What Happened Kyle Wismans, Chief Financial Officer of XPO, Inc. (XPO), received a grant of 4,880 restricted stock units (RSUs) on 2026-03-02. The filing shows an acquisition-type transaction for 4,880 derivative units at $0.00 per unit. These RSUs do not represent immediate share ownership but are a contingent right to receive either shares of XPO common stock or a cash payment equal to the fair market value upon settlement.
Key Details
- Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (timely filing).
- Grant: 4,880 RSUs, acquisition price $0.00 (derivative award).
- Vesting: RSUs vest in three equal annual installments on March 15, 2027; March 15, 2028; and March 15, 2029, subject to continued employment.
- Settlement: Each RSU converts to one share of common stock or a cash payment equal to the share’s fair market value (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing data.
- Transaction type code: A (award/grant); not a purchase or sale.
Context This is a standard compensation award rather than an open-market purchase or sale. RSU grants are commonly used to align executive compensation with shareholder value over time; they only become actual stock (or cash) if and when they vest and are settled. Because this is an award, it should not be read as a direct buy/sell signal.