AI assistant
RXO, Inc. — Director's Dealing 2023
Mar 9, 2023
31516_dirs_2023-03-08_8a94cece-e857-49ee-920a-500c7233a86d.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RXO, Inc. (RXO)
CIK: 0001929561
Period of Report: 2023-03-06
Reporting Person: BRADLEY S JACOBS (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-06 | Restricted Stock Unit | $ | A | 43125 | Acquired | Common Stock (43125.0) | Direct |
Footnotes
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: In connection with XPO, Inc.'s pro rata distribution (the "Distribution") of all of its shares of the Issuer's Common Stock on November 1, 2022 to the holders of record of XPO common stock on October 20, 2022, the reporting person received unvested restricted stock units ("RSUs"), subject to the satisfaction of certain predetermined performance criteria, pursuant to the equitable adjustment of outstanding equity awards relating to XPO common stock in accordance with the terms of the Employee Matters Agreement, dated as of October 31, 2022, by and between XPO and the Issuer. On March 6, 2023, the performance criteria applicable to such RSUs was satisfied.
F3: The RSUs will vest on December 31, 2023.