RXO CFO reports RSU vesting and tax withholding
RXO, Inc. Chief Financial Officer James E. Harris reported routine equity compensation activity involving restricted stock units that vested and settled as originally scheduled.
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Rhea-AI Filing Summary
RXO, Inc. Chief Financial Officer James E. Harris reported routine equity compensation activity involving restricted stock units that vested and settled as originally scheduled. On this date, 12,989 RSUs converted into 12,989 shares of common stock, increasing his direct common stock holdings.
To cover tax liabilities from this vesting, 5,643 shares of common stock were withheld by the company at a price of $13.23 per share, and no shares were sold in the market. Following these transactions, Harris directly held 130,131 shares of RXO common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 12,989 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,989 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,643 | $13.23 | $75K |
Footnotes (3)
- 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. 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.
- F3. 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
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What insider transaction did RXO (RXO) disclose for CFO James E. Harris?
What are the CFO’s RXO (RXO) direct common stock holdings after this Form 4?
How do RXO (RXO) restricted stock units work in this CFO transaction?
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