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 February 23, 2024, Jeffrey D. Firestone, the Chief Legal Officer of RXO Inc., engaged in transactions involving RXO's common stock.
- 16,174 Restricted Stock Units (RSUs) vested and were settled.
- 7,352 shares were withheld by RXO Inc. to cover the tax liability resulting from the vesting of the RSUs.
- Firestone now directly owns 25,628 shares of RXO Inc. common stock following these transactions.
- 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 executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of RSU vesting and tax withholding. |
| 02/27/2024 | Date of Form 4 filing. |
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