Marlene M Colucci, a director of XPO Logistics, just received 2,637 restricted shares from the company. The restricted shares don't become available to Colucci until such time as they become vested. Colucci now owns at least 2,637 restricted shares of the company.
Some additional info was provided as follows:
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.
The RSUs shall vest on January 2, 2020, subject to the Reporting Person's continued service as a director of the Issuer.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: