Bates David J. 4

What Happened
David J. Bates, Chief Operating Officer of XPO, Inc. (XPO), was granted 2,440 Restricted Stock Units (RSUs) on March 2, 2026. The grant is reported as an award/acquisition (code A) at $0.00 (derivative award); no cash changed hands at grant. Each RSU represents a contingent right to receive either one share of XPO common stock or a cash payment equal to the share’s fair market value upon settlement.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (timely filing).
• Award: 2,440 RSUs, reported at $0.00 at grant (derivative instrument).
• Vesting: RSUs vest in three equal annual installments on March 15, 2027; March 15, 2028; and March 15, 2029, generally subject to continued employment. (Footnotes F1–F2)
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code: A = award/grant (derivative). No 10b5-1 plan or tax-withholding details were noted in the supplied information.

Context
This is a compensation award, not an open-market purchase or sale, so it should be viewed as part of executive pay and retention rather than a direct buy/sell signal. The RSUs will convert to stock or cash only upon vesting, so the economic value to Bates depends on XPO’s share price at each vesting date.