RXO CEO reports RSU vesting and tax share withholding
RXO, Inc. chief executive officer Andrew M. Wilkerson reported equity award activity involving restricted stock units and common shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 52,923 | $0.00 | $0.00 |
| Exercise | Common Stock | 52,923 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,990 | $15.96 | $367K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- 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. The shares are held by a limited liability company that is controlled by the Reporting Person.
- F3. 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.
- F4. 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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