RXO officer exercises 2,036 RSUs, shares withheld for tax
RXO, Inc. Chief Accounting Officer Jason S. Kerr reported equity award activity involving restricted stock units and common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,036 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,036 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 993 | $15.96 | $16K |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did RXO (RXO) Chief Accounting Officer Jason S. Kerr report?
What does the RSU exercise or conversion mean in the RXO (RXO) filing?
How do RXO (RXO) restricted stock units for Jason S. Kerr vest over time?
What is the nature of the tax-withholding transaction in the RXO (RXO) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.