RXO CLO Jeffrey Firestone Receives RSUs; 11,172 Shares Withheld

What Happened

• Jeffrey D. Firestone, Chief Legal Officer of RXO, had 25,716 restricted stock units (RSUs) convert to common shares on August 22, 2026. Of those, 11,172 shares were withheld by the issuer to cover tax withholding valued at about $251,817 (11,172 × $22.54). The net new shares delivered to Firestone were 14,544 (25,716 settled − 11,172 withheld). This was a scheduled RSU settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-22; Form filed: 2026-08-25 (appears timely).
• Primary entries: conversion/exercise of derivative (code M) for 25,716 shares at $0.00; tax withholding (code F) of 11,172 shares at $22.54 for $251,817.
• Net shares received: 14,544 (25,716 settled − 11,172 withheld).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: withholding was done by the issuer to satisfy tax liability (no open-market sale). RSUs represent contingent rights to one share (or cash equivalent) and vest over five anniversaries, subject to continued employment.

Context

• Code M indicates conversion/settlement of a derivative (here RSUs); code F indicates shares were withheld to cover tax liabilities. Because the RSUs converted at $0 exercise price and some shares were withheld for taxes, this is a routine, non-dispositive event that reflects compensation vesting rather than insider market trading.