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 March 22, 2025, Jeffrey D. Firestone, the Chief Legal Officer of RXO, Inc., reported transactions involving RXO common stock.
- These transactions involved the vesting and settlement of 11,772 Restricted Stock Units (RSUs).
- The company withheld 5,145 shares to cover the tax liability associated with the vesting of these RSUs at a price of $18.59 per share.
- Following these transactions, Firestone directly owns 58,023 shares of RXO common stock and 160,995 Restricted Stock Units.
- The RSUs vest in three equal annual installments from the grant date, contingent upon continued employment.
Sentiment
Score: 7
Explanation: The document reflects standard insider trading activity related to equity compensation, which is neither particularly positive nor negative. The transactions are routine and expected.
Future Outlook
The RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
Industry Context
This is a standard SEC Form 4 filing, which is a routine part of corporate governance and transparency, providing insight into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
- Employees, particularly those with similar equity compensation, may be interested in the details of the RSU vesting and tax implications.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of RSU vesting and stock transactions. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
RXO, Jeffrey D. Firestone, Chief Legal Officer, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Stock Transactions, Vesting, Settlement, Tax Withholding
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