Firestone Jeffrey D. 4

What Happened

• Jeffrey D. Firestone, Chief Legal Officer of RXO, had 11,771 restricted stock units (RSUs vest and converted into 11,771 shares) on 2026-03-22. The filing shows 5,114 of those shares were withheld by the issuer to cover tax withholding (valued at $13.23/share, $67,658), leaving a net increase of 6,657 shares to his beneficial ownership.
• The conversion entries are reported as derivative exercises (code M) at $0.00 (typical for RSU settlement), and the withholding is reported as a tax payment/disposition (code F). No open-market sale was made.

Key Details

• Transaction date: 2026-03-22; Form 4 filed: 2026-03-24 (timely filing).
• Vested/converted: 11,771 shares (exercise/conversion, $0.00 exercise price).
• Shares withheld for taxes: 5,114 shares at $13.23 each = $67,658.
• Net shares retained: 6,657 shares (11,771 − 5,114).
• Approximate gross value of vested shares at $13.23: ~$155,730.
• Footnotes: These were RSUs that settled as scheduled; withholding was issuer-administered to cover tax liability (no open-market sales or discretionary transactions).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This is a routine RSU vesting and cashless net settlement for tax withholding — not an open-market purchase or sale. RSUs typically have a $0 exercise price and convert to shares upon vesting; here a portion was withheld for taxes rather than sold on the open market.
• Per the filing footnotes, these RSUs vest in three equal annual installments (this reflects one installment). This type of administrative withholding is common and does not by itself indicate insider sentiment.