RXO, Inc. (RXO) CEO nets shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
RXO, Inc. Chief Executive Officer Andrew M. Wilkerson reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He exercised RSUs covering 92,931 shares of Common Stock, increasing his direct share ownership. To cover associated tax liability, 40,370 shares were withheld by the company at $19.59 per share, and footnotes state that no shares were sold in the market or through any discretionary transaction.
Following these transactions, Wilkerson directly held 162,558 shares of Common Stock. He also had indirect holdings of 271,767 shares through a limited liability company he controls and 7,775 shares held by a trust. After this vesting event, he continued to hold 545,481 RSUs, which vest in installments on the first five anniversaries of the grant date, generally conditioned on his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 92,931 | $0.00 | -- |
| Exercise | Common Stock | 92,931 | $0.00 | -- |
| Tax Withholding | Common Stock | 40,370 | $19.59 | $791K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled as originally scheduled, and there were no related discretionary transactions or open market sales. The shares are held by a limited liability company that is controlled by the Reporting Person. Each RSU represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock. The RSUs vest in installments on the first five anniversaries of the grant date, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.