RXO (RXO) CLO converts RSUs, 11,172 shares withheld for taxes
RXO Inc.'s Chief Legal Officer Jeffrey D. Firestone exercised 25,716 RSUs into common stock. 11,172 shares were withheld for taxes at $22.54 per share. Firestone holds 109,178 RSUs and 117,276 common shares post-transaction. RSUs vest annually over five years, subject to continued employment.
How this was made
The 30-second read
Why it matters
The transaction does not alter RXO's capital structure and is unlikely to move the stock price.
Market read
Routine insider RSU conversion with modest share count; limited trading relevance.
What to watch
The withholding price of $22.54 may hint at management's view of near‑term share valuation.
Background
Form 4 filing by RXO's chief legal officer detailing RSU exercise and tax withholding.
Ticker impact
Chief Legal Officer Jeffrey Firestone exercised 25,716 RSUs and had 11,172 shares withheld for taxes on 2026-08-22.
Minimal impact; shares already accounted for in market.
Form 4 filing is primary source; transaction size is small relative to float.
Market effects
None significant for transportation/logistics sector.
No regional effect; isolated insider transaction.
Limited to RXO shareholders.
Counterpoint
Even small insider purchases can signal confidence; some traders may view the RSU conversion as a subtle bullish cue.
Key entities
- ExecutiveJeffrey D. Firestone
Chief Legal Officer of RXO
- CompanyRXO, Inc.
U.S. listed transportation and logistics firm


