Form 4: RXO CFO James E. Harris Reports Stock Transactions

James E. Harris, CFO of RXO, Inc., reports the acquisition and disposal of RXO common stock and restricted stock units to cover tax liabilities.

Summary

• On February 23, 2024, James E. Harris, the Chief Financial Officer of RXO, Inc., engaged in transactions involving the company's stock.
• Harris acquired 21,834 shares of common stock upon the vesting of restricted stock units (RSUs).
• Simultaneously, 9,830 shares were withheld by RXO to cover tax liabilities associated with the RSU vesting at a price of $21.46 per share.
• Following these transactions, Harris directly owns 29,896 shares of RXO common stock and 268,121 restricted stock units.
• The RSUs vest in three equal annual installments from the grant date, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, as it primarily reflects the execution of pre-determined compensation plans and tax obligations.

Future Outlook

The RSUs vest in three equal annual installments on the anniversary of the grant date, subject to continued employment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This allows investors to track management's sentiment and actions regarding their company's equity.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into insider activity.
• The company's equity structure is affected by the issuance and withholding of shares.

Key Dates