Bates David J. 4
4 · XPO, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
XPO COO David J. Bates Exercises RSUs; Shares Withheld for Taxes
What Happened
David J. Bates, Chief Operating Officer of XPO, had 39,515 restricted stock units (RSUs vest) that were converted into shares on March 10, 2026. Of those shares, 17,166 were surrendered/withheld to satisfy tax withholding at $194.68 per share, totaling $3,341,877. The filing shows the RSU grant/settlement (award and conversion) and the tax withholding disposition.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the standard reporting window).
- RSUs vested/converted: 39,515 shares (listed as award A and conversion M).
- Shares withheld for taxes (F): 17,166 shares at $194.68 each = $3,341,877.
- Footnote F1: Each RSU represents a contingent right to one share or cash equal to fair market value.
- Footnote F2: These RSUs were granted April 21, 2023 and vested 100% after the Compensation & Human Capital Committee certified performance goals; vesting effective March 6, 2026.
- Shares owned after the transaction: not specified in the filing.
Context
This was a vesting and settlement of performance-based RSUs, not an open-market purchase. The withholding of 17,166 shares to cover tax liabilities is a common administrative step (similar to a cashless sale) and does not, by itself, indicate a broader buy/sell decision by the executive.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-10+39,515→ 80,621 total - Tax Payment
Common Stock
2026-03-10$194.68/sh−17,166$3,341,877→ 63,455 total - Award
Restricted Stock Unit
[F1][F2]2026-03-10+39,515→ 39,515 total→ Common Stock (39,515 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-03-10−39,515→ 0 total→ Common Stock (39,515 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("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.
- [F2]On April 21, 2023, the Reporting Person was granted unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria and the Reporting Person's continued employment with the Issuer. On March 10, 2026, the Compensation and Human Capital Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to such RSUs had been satisfied, resulting in the vesting of 100% such RSUs effective March 6, 2026.