RXO (RXO) CEO Wilkerson logs RSU conversion and tax withholding transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RXO, Inc. chief executive officer Andrew M. Wilkerson reported equity award activity involving restricted stock units and common shares. He exercised or converted 52,923 restricted stock units, receiving an equivalent number of common shares at a stated price of $0.00 per share. To cover tax liabilities from this vesting and settlement, 22,990 common shares were withheld by RXO at $15.96 per share, with no discretionary transactions or open-market sales. After these events, Wilkerson directly held 80,152 common shares, in addition to indirect holdings of 7,775 common shares in a trust and 271,767 common shares held by a limited liability company he controls.
Positive
- None.
Negative
- None.
Insider Trade Summary
52,923 shares exercised/converted
Mixed
5 txns
Insider
Wilkerson Andrew M.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 52,923 | $0.00 | -- |
| Exercise | Common Stock | 52,923 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,990 | $15.96 | $367K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 691,180 shares (Direct);
Common Stock — 103,142 shares (Direct);
Common Stock — 7,775 shares (Indirect, By Trust)
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. The shares are held by a limited liability company that is controlled by the Reporting Person. 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 insider transactions did RXO (RXO) CEO Andrew Wilkerson report?
Andrew Wilkerson reported exercising or converting 52,923 restricted stock units into common shares and a related tax-withholding share disposition. These entries reflect equity compensation vesting and settlement rather than open-market buying or selling activity in RXO, Inc. stock.
How do Andrew Wilkerson’s RXO (RXO) restricted stock units work?
Each RXO restricted stock unit gives Andrew Wilkerson a right to receive either one share of RXO common stock or a cash amount equal to its fair market value upon settlement. These RSUs vest in three equal annual installments on the first three anniversaries of the grant date.
What does the tax-withholding transaction mean for RXO (RXO) CEO equity activity?
The tax-withholding transaction reflects RXO retaining 22,990 shares to pay taxes tied to RSU vesting. It is categorized as a disposition but, per disclosure, involved no open-market sale or discretionary trading by the CEO, focusing solely on satisfying required tax obligations.