RXO (NYSE: RXO) accounting chief settles 2,036 RSUs, 993 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RXO, Inc. Chief Accounting Officer Jason S. Kerr reported equity award activity involving restricted stock units and common shares. On the reported date, 2,036 Restricted Stock Units were exercised or converted, resulting in 2,036 shares of common stock acquired at a stated price of $0.00 per share.
To cover tax withholding tied to this RSU vesting and settlement, 993 common shares were withheld by RXO at a price of $15.96 per share, with no shares sold by Kerr in the market and no discretionary or open-market trades. After these transactions, Kerr directly held 47,295 shares of common stock and 11,012 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,036 shares exercised/converted
Mixed
3 txns
Insider
Kerr Jason S.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,036 | $0.00 | -- |
| Exercise | Common Stock | 2,036 | $0.00 | -- |
| Tax Withholding | Common Stock | 993 | $15.96 | $16K |
Holdings After Transaction:
Restricted Stock Unit — 11,012 shares (Direct);
Common Stock — 48,288 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 transactions did RXO (RXO) Chief Accounting Officer Jason S. Kerr report?
Jason S. Kerr reported the exercise or conversion of 2,036 Restricted Stock Units into 2,036 shares of RXO common stock at a stated price of $0.00 per share. He also reported 993 shares of common stock withheld by RXO to satisfy tax obligations related to this RSU vesting.
What does the RSU exercise or conversion mean in the RXO (RXO) filing?
Each Restricted Stock Unit represents a right to receive, upon settlement, either one RXO common share or cash equal to its fair market value. In this case, 2,036 RSUs were settled into 2,036 common shares as originally scheduled under the equity award’s terms.
How do RXO (RXO) restricted stock units for Jason S. Kerr vest over time?
The Restricted Stock Units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. Vesting generally requires Jason S. Kerr to remain employed with RXO through each applicable vesting date for the corresponding RSUs to settle.
What is the nature of the tax-withholding transaction in the RXO (RXO) Form 4?
The transaction coded “F” reflects shares withheld by RXO to pay tax liabilities from the RSU vesting. 993 common shares were withheld at $15.96 per share, and the filing clarifies there were no related discretionary transactions or open-market sales by Jason S. Kerr.