RXO (NYSE: RXO) CEO awarded RSUs with tax share withholding
Rhea-AI Filing Summary
RXO, Inc. Chief Executive Officer Andrew M. Wilkerson reported equity compensation activity and related tax withholding. He received a grant of 219,003 Restricted Stock Units (RSUs), each representing a right to one share of common stock or cash equal to its fair market value. These RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date, generally contingent on his continued employment.
Wilkerson also exercised 80,867 RSUs, which converted into the same number of common shares. Of those shares, 35,379 were withheld by RXO at $14.66 per share to cover tax liabilities tied to the vesting, and the filing states no shares were sold in the market or through discretionary transactions. The filing notes an additional 219,003 performance-based RSUs at target that may vest depending on RXO’s total shareholder return versus the S&P Transportation Select Industry Index, to be reported when the earned amount is determined.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 219,003 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 80,867 | $0.00 | $0.00 |
| Exercise | Common Stock | 80,867 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 35,379 | $14.66 | $519K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. 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.
- F2. The shares are held by a limited liability company that is controlled by the Reporting Person.
- F3. 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.
- F4. 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.
- F5. The Reporting Person was also awarded 219,003 Performance Based Restricted Stock Units at target level, which will be eligible to vest depending on the achievement of total shareholder return relative to companies in the S&P Transportation Select Industry Index and will be reported when the number of shares earned is determined.
FAQ
What equity awards did RXO (RXO) CEO Andrew Wilkerson receive?
How do Andrew Wilkerson’s new RXO RSUs vest over time?
What RSU exercises and tax withholdings did RXO’s CEO report?
What performance-based RSUs were disclosed for RXO CEO Andrew Wilkerson?
How are Andrew Wilkerson’s RSUs in RXO settled according to the filing?
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