RXO insider tax withholding reduces holdings to 76,901 shares
Rhea-AI Filing Summary
Jason S. Kerr, Chief Accounting Officer and officer of RXO, Inc. (RXO), reported a disposition of shares on 10/03/2025. The filing shows 9,518 shares were disposed of at a price of $16.64 per share under code F, and the reporting person now beneficially owns 76,901 shares. The filing explains no open‑market sale occurred: the shares were withheld by the issuer to fund tax liability related to the release of restricted shares from lock‑up and clawback conditions. The Form 4 is signed by an attorney‑in‑fact on 10/07/2025.
Positive
- No open‑market sale—shares were withheld by the issuer to cover tax liability, not sold to outside buyers
- Substantive ownership retained: Reporting person still holds 76,901 shares after withholding
Negative
- Beneficial ownership declined by 9,518 shares due to withholding at $16.64 per share
- Transaction reduces liquid equity available to the officer for immediate sale or disposition
Insights
Insider tax withholding, not an open‑market sale; beneficial ownership retained.
The reported transaction uses code F, which the form and explanation identify as shares withheld by the issuer to satisfy tax withholding when restricted shares were released from lock‑up and clawback conditions. This means 9,518 shares were removed from the reporting person’s beneficial holding for tax purposes rather than sold on the open market.
Key near‑term detail to monitor is the post‑transaction beneficial ownership level of 76,901 shares and any future filings that show additional releases or withholdings related to the same award cycle; those will appear in subsequent Section 16 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,518 | $16.64 | $158K |
Footnotes (1)
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