Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-13

RXO Inc (RXO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,589,549
Drew Wilkerson total, FY2025
70th
CEO pay percentile vs peers
CEO-to-median pay ratio
95.52%
Say-on-pay support, latest vote
Companies that benchmark against RXO
6 companies name RXO as a compensation peer

Each company listed discloses RXO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RXO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Drew Wilkerson$703,154$0$6,339,646$529,249$17,500$7,589,549
Chairman and Chief Executive Officer
Jamie Harris612,00201,560,545306,00117,5002,496,048
Chief Financial Officer
Jeff Firestone535,50001,072,879267,75017,5001,893,629
Chief Legal Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Drew Wilkerson$7,589,549$7,688,251$5,663,207−98,702
Jamie Harris2,496,0482,535,5351,963,054−39,487
Jeff Firestone1,893,6292,718,0071,525,018−824,378

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeff FirestonePSU2025-02-2826,86926,86960,456$522,871
Jeff FirestoneRSU2025-02-2826,869550,008
Drew WilkersonRSU2025-02-28158,7693,250,001
Jamie HarrisRSU2025-02-2839,082800,009
Jamie HarrisPSU2025-02-2839,08239,08287,935760,536
Drew WilkersonPSU2025-02-28158,769158,769357,2313,089,645
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeff Firestone$550,008$522,871$048.7%
Drew Wilkerson3,250,0013,089,645048.7%
Jamie Harris800,009760,536048.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Drew WilkersonRSU605,967$7,659,423
Jamie HarrisRSU233,5982,952,679
Drew WilkersonPSU158,6142,004,881
Jeff FirestoneRSU134,7341,703,038
Jamie HarrisPSU39,043493,504
Jeff FirestonePSU29,683375,193
05

Incentive-plan design — the Compensation Discussion & Analysis

RXO's compensation philosophy is designed to attract and retain talent, drive sustainable stockholder value, and ensure responsible leadership practices by linking pay with individual and business performance, balancing short- and long-term goals, and offering competitive pay that retains high-performing leaders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-12142,771,2746,645,49749,74295.52%Passed
20252025-05-21139,565,3955,490,04376,71396.16%Passed
20232023-05-2396,624,3176,334,00473,85593.85%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1295.52%a
20252025-05-2196.16%b
20232023-05-2393.85%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes cast "Against" this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes cast "Against" this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast for purposes of tabulation and will have no effect on the advisory vote to approve executive compensation.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michelle NettlesIndependent · Lead Independent Director · Audit Committee · Nominating, Governance and Sustainability Committee (Chair)$125,000$183,324$308,324
Mary KisselIndependent · Compensation Committee105,000183,324288,324
Thomas SzlosekIndependent · Audit Committee (Chair)105,000183,324288,324
Adrian KingshottIndependent · Compensation Committee (Chair) · Nominating, Governance and Sustainability Committee100,000183,324283,324
Stephen RennaIndependent · Compensation Committee · Nominating, Governance and Sustainability Committee80,000183,324263,324
Christine BrevesIndependent · Audit Committee · Nominating, Governance and Sustainability Committee80,000183,324263,324
Troy CooperIndependent · Audit Committee · Compensation Committee80,000183,324263,324
Brad JacobsIndependent · Not standing for re-election · Departed during FY31,209183,324214,533
Drew WilkersonEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$190,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$400,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$706,209
Equity awards (grant-date value)$1,466,592
All other compensation$0
Total cost of the board$2,172,801

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies RXO Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including RXO Inc.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1C.H. Robinson Worldwide, Inc.2025David Bozeman$1,100,962$6,984,383$0$2,879,618$11,045,949
2Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
3J.B. Hunt Transport Services, Inc.2025Shelley Simpson961,3856,927,52901,067,4219,004,371
4RXO Inc2025Drew Wilkerson703,1546,339,646529,2497,589,549
5Schneider National, Inc.2025Mark Rourke1,000,0005,704,1740569,1207,380,101
6Werner Enterprises, Inc.2025Derek Leathers974,0774,200,0000745,1066,048,549
7Knight-Swift Transportation Holdings, Inc.2025Adam Miller950,0003,242,667803,1305,011,329
8Landstar System, Inc.2025Frank Lonegro800,0003,473,0490210,0004,574,887
9Hub Group, Inc.2024Phillip Yeager850,0002,400,342552,5003,964,450
10Universal Logistics Holdings, Inc.2025Tim Phillips700,180175,020001,193,811
11Marten Transport, Ltd.2025Randolph Marten801,483342,998001,154,303
ArcBest Corporationnot in coverage universe
Covenant Logistics Group, Inc.not in coverage universe
Matson, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
RXO Incnot disclosedPRSU 50 · RSU 50not disclosedPearl Meyer & Partners, LLC
ArcBest Corporationnot disclosednot disclosednot disclosednot disclosed
C.H. Robinson Worldwide, Inc.171%PSU 60 · RSU 40NoSemler Brossy
Covenant Logistics Group, Inc.not disclosednot disclosednot disclosednot disclosed
Hub Group, Inc.not disclosednot disclosednot disclosedAon
J.B. Hunt Transport Services, Inc.not disclosednot disclosedNoMeridian Compensation Partners, LLC
Knight-Swift Transportation Holdings, Inc.not disclosedPRSU 60 · RSU 40not disclosedPearl Meyer
Landstar System, Inc.not disclosednot disclosednot disclosedFW Cook; Compensation Strategies, Inc.
Marten Transport, Ltd.not disclosednot disclosednot disclosedGrant Thornton LLP
Matson, Inc.not disclosednot disclosednot disclosednot disclosed
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Schneider National, Inc.not disclosedPSU 60 · RSU 40not disclosedFrederic W. Cook & Co, Inc.
Universal Logistics Holdings, Inc.not disclosedRSU 100not disclosedCannot be determined from provided text
Werner Enterprises, Inc.not disclosedRestricted Stock 50 · Performance Stock 50not disclosedFrederic W. Cook & Co.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Drew WilkersonDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation”. As printed: 7,589,549. Filing ↗
2Section 01, Jamie HarrisDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation”. As printed: 2,496,048. Filing ↗
3Section 01, Jeff FirestoneDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation”. As printed: 1,893,629. Filing ↗
4Section 03, Jeff Firestone PSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1051988–1051995
5Section 03, Jeff Firestone RSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1057449–1057456
6Section 03, Drew Wilkerson RSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1026529–1026538
7Section 03, Jamie Harris RSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1041580–1041587
8Section 03, Jamie Harris PSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1036929–1036936
9Section 03, Drew Wilkerson PSUDEF 14A2026-03-300001140361-26-011983Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1021108–1021117
10Section 08, Michelle NettlesDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 308,324. Filing ↗machine: span 525402–525582
11Section 08, Mary KisselDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 288,324. Filing ↗machine: span 523542–523722
12Section 08, Thomas SzlosekDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 288,324. Filing ↗machine: span 529333–529512
13Section 08, Adrian KingshottDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 283,324. Filing ↗machine: span 521417–521597
14Section 08, Stephen RennaDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 263,324. Filing ↗machine: span 527571–527751
15Section 08, Christine BrevesDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 263,324. Filing ↗machine: span 517390–517570
16Section 08, Troy CooperDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 263,324. Filing ↗machine: span 519557–519737
17Section 08, Brad JacobsDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 214,533. Filing ↗machine: span 515488–515668
18Section 08, Drew WilkersonDEF 14A2026-03-300001140361-26-011983Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-05-130001929561-26-000029Item 5.07 · say-on-pay result. As reported: 95.52% (votes for as printed: 142,771,274). Filing ↗
20Section 06, 2025 voteForm 8-K2025-05-230001929561-25-000091Item 5.07 · say-on-pay result. As reported: 96.16% (votes for as printed: 139,565,395). Filing ↗
21Section 06, 2023 voteForm 8-K2023-05-240001140361-23-026404Item 5.07 · say-on-pay result. As reported: 93.85% (votes for as printed: 96,624,317). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
24Section 09b board cost (computed)ComputedcomputedCash 706,209 + equity 1,466,592 + all other 0 = 2,172,801, summed across the director compensation table rows.machine: formula: Σ = 2,172,801
25C.H. Robinson Worldwide, Inc., Section 10b CEO totalDEF 14A2026-03-240001043277-26-000011CEO total compensation as printed in C.H. Robinson Worldwide, Inc.'s own proxy. As printed: 11,045,949. Filing ↗machine: r3 · c39 · span 1034575–1034585
26Ryder System, Inc., Section 10b CEO totalDEF 14A2026-03-110001628280-26-016651CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. Filing ↗machine: t211 · r2 · c8 · span 970489–970499
27J.B. Hunt Transport Services, Inc., Section 10b CEO totalDEF 14A2026-03-110001437749-26-007732CEO total compensation as printed in J.B. Hunt Transport Services, Inc.'s own proxy. As printed: 9,004,371. Filing ↗machine: r1 · c21 · span 825167–825176
28RXO Inc (subject), Section 10b CEO totalDEF 14A2026-03-300001140361-26-011983CEO total compensation as printed in RXO Inc's own proxy. As printed: 7,589,549. Filing ↗
29Schneider National, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029426CEO total compensation as printed in Schneider National, Inc.'s own proxy. As printed: 7,380,101. Filing ↗machine: r1 · c42 · span 1012102–1012111
30Werner Enterprises, Inc., Section 10b CEO totalDEF 14A2026-03-310000793074-26-000083CEO total compensation as printed in Werner Enterprises, Inc.'s own proxy. As printed: 6,048,549. Filing ↗machine: r3 · c24 · span 647131–647140
31Knight-Swift Transportation Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-020001492691-26-000025CEO total compensation as printed in Knight-Swift Transportation Holdings, Inc.'s own proxy. As printed: 5,011,329. Filing ↗
32Landstar System, Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-118697CEO total compensation as printed in Landstar System, Inc.'s own proxy. As printed: 4,574,887. Filing ↗machine: r3 · c39 · span 755488–755497
33Hub Group, Inc., Section 10b CEO totalDEF 14A2025-04-030001140361-25-012045CEO total compensation as printed in Hub Group, Inc.'s own proxy. As printed: 3,964,450. Filing ↗
34Universal Logistics Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134611CEO total compensation as printed in Universal Logistics Holdings, Inc.'s own proxy. As printed: 1,193,811. Filing ↗machine: r2 · c6 · span 449275–449284
35Marten Transport, Ltd., Section 10b CEO totalDEF 14A2026-03-170001437749-26-008503CEO total compensation as printed in Marten Transport, Ltd.'s own proxy. As printed: 1,154,303. Filing ↗machine: span 368330–368339
36Section 10a, J.B. Hunt Transport Services, Inc. reciprocityDEF 14A0001437749-26-007732J.B. Hunt Transport Services, Inc.'s most recent proxy was read; its disclosed peer group does not include RXO Inc. Filing ↗
37Section 10a, Marten Transport, Ltd. reciprocityDEF 14A0001437749-26-008503Marten Transport, Ltd.'s most recent proxy was read; its disclosed peer group does not include RXO Inc. Filing ↗
38Section 10a, Hub Group, Inc. reciprocityDEF 14A0001140361-25-012045Hub Group, Inc. names RXO Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Schneider National, Inc. reciprocityDEF 14A0001104659-25-024115Schneider National, Inc.'s most recent proxy was read; its disclosed peer group does not include RXO Inc. Filing ↗
40Section 10a, Covenant Logistics Group, Inc. reciprocityDEF 14A0001437749-26-011971Covenant Logistics Group, Inc.'s most recent proxy was read; its disclosed peer group does not include RXO Inc. Filing ↗
41Section 10a, Landstar System, Inc. reciprocityDEF 14A0001193125-26-118697Landstar System, Inc. names RXO Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, C.H. Robinson Worldwide, Inc. reciprocityDEF 14A0001043277-26-000011C.H. Robinson Worldwide, Inc. names RXO Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Werner Enterprises, Inc. reciprocityDEF 14A0000793074-26-000083Werner Enterprises, Inc. names RXO Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Ryder System, Inc. reciprocityDEF 14A0001628280-26-016651Ryder System, Inc.'s most recent proxy was read; its disclosed peer group does not include RXO Inc. Filing ↗
45Section 10a, Knight-Swift Transportation Holdings, Inc. reciprocityDEF 14A0001492691-26-000025Knight-Swift Transportation Holdings, Inc. names RXO Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗