XPO Logistics appoints Ravi Tulsyan as CFO; $500K salary, $1.75M in equity awards

XPO, Inc.

Ravi Tulsyan, 52, appointed CFO effective Sept 2, 2021; previously treasurer and deputy CFO.
Base salary of $500,000 with target bonus of 100% of base salary.
Initial equity: $750K RSUs (vest 50% at 2 yrs, 50% at 3 yrs) and $1M performance RSUs (vest Dec 31, 2024).
Severance: 12 months base salary plus prorated bonus (no cause); 2x base+bonus within 2 yrs after change of control.
Tulsyan previously held senior finance roles at ADT, Tyco, PepsiCo, and Xerox.

item 5.02

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Appointed

Ravi Tulsyan

Chief Financial Officer

XPO · XPO, Inc.

Effective: 2021-09-02
Filed: September 14, 2021, 7:59 PM ET

In connection with Ravi Tulsyan’s appointment as the chief financial officer of XPO Logistics, Inc. (the “Company”) effective September 2, 2021, the Company entered into an offer letter (the “Offer Letter”) and change in control and severance agreement (the “Severance Agreement”) with Mr. Tulsyan.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Tulsyan was appointed as Chief Financial Officer at XPO, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

In connection with Ravi Tulsyan’s appointment as the chief financial officer of XPO Logistics, Inc. (the “Company”) effective September 2, 2021, the Company entered into an offer letter (the “Offer Letter”) and change in control and severance agreement (the “Severance Agreement”) with Mr. Tulsyan.

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Source: SEC EDGAR

accession 0001104659-21-115546

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