Form 4: RXO CEO Andrew Wilkerson Reports Stock Transactions

RXO's CEO, Andrew Wilkerson, reports the vesting and settlement of Restricted Stock Units (RSUs) resulting in the acquisition and disposal of common stock to cover tax liabilities.

Summary

• On May 2, 2024, RXO's CEO Andrew Wilkerson reported transactions involving common stock and Restricted Stock Units (RSUs).
• 46,466 shares were acquired upon the vesting of RSUs.
• 20,422 shares were disposed of to cover tax liabilities associated with the RSU vesting at a price of $20.12 per share.
• Following these transactions, Wilkerson directly owns 140,946 shares of common stock and 604,070 Restricted Stock Units.
• The RSUs vest in installments over five years from the grant date, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Future Outlook

The RSUs vest in installments on the first five anniversaries of the grant date, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and directors.

Stakeholder Impact

• Shareholders may be interested in tracking executive compensation and ownership changes.
• The transactions have a minor impact on the total outstanding shares of RXO.

Key Dates