Cassity Wendy 4

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.