Brown Christopher Michael 4

What Happened

• Christopher M. Brown, Chief Accounting Officer of XPO, had restricted stock units (RSUs) vest on March 15, 2026. Per the Form 4, 2,571 shares were acquired via conversion/exercise of derivatives (code M). To cover tax withholding (code F), 1,193 shares were surrendered at a reported value of $181.71 per share, totaling $216,780. Additional conversion/disposition entries of 1,655, 456 and 460 shares (all reported at $0) were recorded in connection with the RSU settlement/vesting.
• This activity reflects award vesting and tax withholding (routine compensation treatment), not an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: March 15, 2026. Form filed March 17, 2026 (filed within the typical 2-business-day window).
• Reported lines:
  • Exercise/conversion (M): 2,571 shares acquired @ $0.00.
  • Tax withholding (F): 1,193 shares disposed @ $181.71 = $216,780.
  • Exercise/conversion (M) disposals: 1,655; 456; 460 shares @ $0.00 (related to RSU settlement).
• Shares owned after transaction: not specified in the summary provided — see the full Form 4 for post-transaction holdings.
• Footnotes: RSUs represent contingent rights to receive shares or cash (F1). Some RSUs vested in full on March 15, 2026 (F2); others vest in equal annual installments through 2027 and 2028 (F3, F4).

Context

• These entries reflect RSU vesting and standard tax-withholding via share surrender. Code M denotes conversion/exercise of equity awards; code F indicates shares used to satisfy tax obligations. This is routine compensation-related activity and should not be interpreted as a directional insider buy/sell signal. For full holdings and exact mechanics (net-settlement vs. share delivery), consult the complete Form 4 filing (Accession 0001166003-26-000059).