James E. Harris - 01 Nov 2022 Form 4 Insider Report for RXO, Inc. (RXO)

Role: Chief Financial Officer
Signature: /s/ Jeffrey D. Firestone, Attorney-in-Fact
Issuer symbol: RXO
Transactions as of: 01 Nov 2022
Net transaction value: $0
Form type: 4
Filing time: 03 Nov 2022, 19:21:23 UTC
Previous filing: 17 Oct 2022
Next filing: 27 Feb 2023
SEC filing: View on sec.gov

Key filing fact

James E. Harris filed Form 4 for RXO, Inc. (RXO) on 03 Nov 2022.

Key facts

This page summarizes James E. Harris's Form 4 filing for RXO, Inc. (RXO).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 03 Nov 2022, 19:21.

Change

Previous filing in this sequence was filed on 17 Oct 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

RXO transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +256,517
Change %
Price: $0.000000
Shares after: 256,517
Date: 01 Nov 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 256,517
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("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.
F2	On September 26, 2022, the Reporting Person was granted unvested RSUs by XPO Logistics, Inc. ("XPO"), subject to the satisfaction of certain predetermined performance criteria. On November 1, 2022, as a result of the completion of a pro rata distribution (the "Distribution") of all of the shares of the Issuer's Common Stock by XPO, the performance criteria applicable to such RSUs was satisfied and the RSUs were converted into RSUs of the Issuer in connection with the Distribution. 12.5% of the RSUs shall vest on September 26, 2023 and September 26, 2024 each, and 25% of the RSUs shall vest on September 26, 2025, September 26, 2026 and September 26, 2027 each, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Content

Each Restricted Stock Unit ("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.

On September 26, 2022, the Reporting Person was granted unvested RSUs by XPO Logistics, Inc. ("XPO"), subject to the satisfaction of certain predetermined performance criteria. On November 1, 2022, as a result of the completion of a pro rata distribution (the "Distribution") of all of the shares of the Issuer's Common Stock by XPO, the performance criteria applicable to such RSUs was satisfied and the RSUs were converted into RSUs of the Issuer in connection with the Distribution. 12.5% of the RSUs shall vest on September 26, 2023 and September 26, 2024 each, and 25% of the RSUs shall vest on September 26, 2025, September 26, 2026 and September 26, 2027 each, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.