Form 4: RXO Inc. Chief Accounting Officer Reports Stock Transaction
SEC Form 4 Filing
Jason S. Kerr, Chief Accounting Officer of RXO Inc., reports the disposition of 3,153 shares of common stock to cover tax liabilities.
Summary
- On October 3, 2024, Jason S. Kerr, the Chief Accounting Officer of RXO Inc., disposed of 3,153 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the release of restricted shares.
- The shares were withheld by the issuer at a price of $27.07 per share.
- Following the transaction, Kerr directly owns 82,592 shares of RXO Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of transaction: Disposition of 3,153 shares of RXO common stock by Jason S. Kerr. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
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