RXO (NYSE: RXO) CLO settles 11,771 RSUs as 5,114 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RXO, Inc. Chief Legal Officer Jeffrey D. Firestone exercised restricted stock units and had shares withheld for taxes. On 2026-03-22, 11,771 Restricted Stock Units converted into 11,771 shares of Common Stock at an exercise price of $0.00 per share. To cover tax liabilities from this vesting, 5,114 shares of Common Stock were withheld by the company at $13.23 per share, with no open-market sales or discretionary trades. Following these transactions, Firestone directly owned 102,732 shares of Common Stock, and his RSU holdings after settlement totaled 134,894 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,771 shares exercised/converted
Mixed
3 txns
Insider
Firestone Jeffrey D.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,771 | $0.00 | -- |
| Exercise | Common Stock | 11,771 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,114 | $13.23 | $68K |
Holdings After Transaction:
Restricted Stock Unit — 134,894 shares (Direct);
Common Stock — 107,846 shares (Direct)
Footnotes (1)
- No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled as originally scheduled, and there were no related discretionary transactions or open market sales. Each 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 vest in three equal annual installments on the first, second and third anniversaries of the grant date, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.