XPO enters Separation Agreement with former CFO Ravi Tulsyan; effective Jan 6, 2023

XPO, Inc.

Cash severance of $500,000 paid over 12 months; $8,200 prorated 2023 target bonus.
Accelerated vesting on certain time-based and performance-based RSUs and PRSUs.
COBRA premium coverage for up to 6 months; 9 months of outplacement services.
Non-compete and non-solicitation obligations under CIPA remain in full force for 3 years.
Tulsyan receives carryover PTO payment and enhanced 2022 bonus payment in March 2023.

item 5.02 item 9.01

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Departed

Ravi Tulsyan

Senior Advisor – Finance

XPO · XPO, Inc.

Effective: 2023-01-06
Filed: January 25, 2023, 6:59 PM ET

On January 23, 2023, XPO, Inc. (the “Company”) and Ravi Tulsyan, the Company’s Senior Advisor – Finance and former Chief Financial Officer, entered into a Separation Agreement and General Release (the “Separation Agreement”), setting forth the terms of Mr. Tulsyan’s separation from employment with the Company, effective as of January 6, 2023 (the “Separation Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Tulsyan departed as Senior Advisor – Finance at XPO, Inc..

Action: separated
Role: Senior Advisor – Finance

Exact text from the filing

On January 23, 2023, XPO, Inc. (the “Company”) and Ravi Tulsyan, the Company’s Senior Advisor – Finance and former Chief Financial Officer, entered into a Separation Agreement and General Release (the “Separation Agreement”), setting forth the terms of Mr. Tulsyan’s separation from employment with the Company, effective as of January 6, 2023 (the “Separation Date”).

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XPO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-006589

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