RXO (RXO) legal chief converts RSUs as shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RXO, Inc. Chief Legal Officer Jeffrey D. Firestone reported equity award activity involving Restricted Stock Units and common stock. On February 28, 2026, he exercised or converted 8,957 Restricted Stock Units, receiving an equivalent 8,957 shares of common stock.
To cover tax liabilities from this vesting and settlement, 3,891 common shares were withheld by RXO at a price of $15.96 per share. The filing states that no shares were sold by Firestone, and there were no discretionary or open‑market transactions. After these events, he directly held 96,075 common shares and 146,665 Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,957 shares exercised/converted
Mixed
3 txns
Insider
Firestone Jeffrey D.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 8,957 | $0.00 | -- |
| Exercise | Common Stock | 8,957 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,891 | $15.96 | $62K |
Holdings After Transaction:
Restricted Stock Unit — 146,665 shares (Direct);
Common Stock — 99,966 shares (Direct)
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. 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 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.
FAQ
What insider transactions did RXO (RXO) report for Jeffrey D. Firestone?
RXO’s Chief Legal Officer Jeffrey D. Firestone exercised 8,957 Restricted Stock Units into 8,957 common shares. To satisfy tax obligations on this vesting, 3,891 common shares were withheld by RXO, with no discretionary or open‑market sales reported in the filing.
What are the vesting terms for RXO (RXO) Restricted Stock Units held by the insider?
RXO Restricted Stock Units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. Vesting generally requires the reporting person to remain employed by RXO through each applicable vesting date, according to the filing footnotes.
What are Jeffrey D. Firestone’s RXO (RXO) holdings after the reported Form 4 transactions?
After the reported transactions, Jeffrey D. Firestone directly held 96,075 RXO common shares and 146,665 Restricted Stock Units. These positions reflect the RSU conversion into shares and the issuer’s share withholding to cover tax liabilities associated with the vesting event.
How were taxes handled for the RXO (RXO) insider’s RSU vesting event?
Taxes were covered by RXO withholding 3,891 common shares from the vested amount at $15.96 per share. The filing clarifies this withholding funded tax liabilities related to the RSU vesting, with no discretionary trading or open‑market sales by the insider.