Jason S. Kerr - Mar 22, 2024 Form 4 Insider Report for RXO, Inc. (RXO)

Role
Chief Accounting Officer
Signature
/s/ Jeffrey D. Firestone, Attorney-in-Fact
Stock symbol
RXO
Transactions as of
Mar 22, 2024
Transactions value $
$0
Form type
4
Date filed
3/26/2024, 07:57 PM
Previous filing
Feb 27, 2024
Next filing
Oct 4, 2024

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RXO Restricted Stock Unit Award $0 +6.09K +57.92% $0.00 16.6K Mar 22, 2024 Common Stock 6.09K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The Reporting Person was also awarded 6,089 Performance Share Units (PSUs) at target level, which will be eligible to vest depending on achievement of total shareholder return relative to a subset of companies in the S&P Transportation Select Industry and EBITDA performance targets over a three-year time period and will be reported when the number of earned shares is determined.