Form 4: RXO Inc. Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Jeffrey D. Firestone, Chief Legal Officer of RXO Inc., reports the vesting and settlement of Restricted Stock Units (RSUs) and associated tax withholding.
Summary
- On August 22, 2024, Jeffrey D. Firestone, the Chief Legal Officer of RXO Inc., engaged in transactions involving RXO's common stock.
- 12,858 shares were acquired through the vesting of Restricted Stock Units (RSUs).
- 5,652 shares were withheld by RXO Inc. to cover tax liabilities related to the RSU vesting at a price of $28.49 per share.
- Following these transactions, Firestone directly owns 32,834 shares of RXO Inc. common stock and 179,333 Restricted Stock Units.
- The RSUs vest over five years from the grant date, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- Shareholders are informed about executive stock ownership and compensation.
- Employees may be interested in the details of RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of RSU vesting and tax withholding. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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