Cassity Wendy 4
4 · XPO, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
XPO Chief Legal Officer Wendy Cassity Tax-Withholding Sale $2.43M
What Happened Wendy Cassity, Chief Legal Officer of XPO, had 27,037 restricted stock units (RSUs) vest following certification of performance targets. Those RSUs were converted into 27,037 shares on March 10, 2026. To satisfy tax withholding, 12,497 shares were disposed at $194.68 each, generating $2,432,916; the remaining 14,540 shares were delivered to her.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
- Vesting/Conversion: 27,037 RSUs converted to common shares (derivative exercise/conversion, code M).
- Tax withholding/sale: 12,497 shares disposed at $194.68 each, total $2,432,916 (code F).
- Shares retained after withholding: 14,540 (27,037 − 12,497).
- Footnotes: F1—each RSU converts to one share or cash equivalent; F2—these RSUs were granted Mar 15, 2023 and vested 100% effective Mar 6, 2026 after committee certification.
- Filing does not disclose Cassity’s total XPO holdings after the transaction beyond the shares listed above.
Context This was not an open-market purchase but a routine settlement of vested RSUs with shares withheld/sold to cover tax obligations (a common administrative step). Such withholding sales are standard and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-10+27,037→ 36,908 total - Tax Payment
Common Stock
2026-03-10$194.68/sh−12,497$2,432,916→ 24,411 total - Award
Restricted Stock Unit
[F1][F2]2026-03-10+27,037→ 27,037 total→ Common Stock (27,037 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-03-10−27,037→ 0 total→ Common Stock (27,037 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 March 15, 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.