S. Jacobs Bradley - Jul 30, 2024 Form 4 Insider Report for QXO, Inc. (QXO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Christopher Signorello, as Attorney-in-fact
Stock symbol
QXO
Transactions as of
Jul 30, 2024
Transactions value $
$0
Form type
4
Date filed
8/1/2024, 09:57 PM
Previous filing
Jun 17, 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 QXO Restricted Stock Unit Award $0 +3.83M $0.00 3.83M Jul 30, 2024 Common Stock 3.83M Direct F1, F2
transaction QXO Performance Stock Unit Award $0 +7.12M $0.00 7.12M Jul 30, 2024 Common Stock 7.12M Direct F3, F4
* 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, one share of Common Stock.
F2 The RSUs vest in five installments of 15% on December 31, 2025, 17.5% on December 31, 2026, 17.5% on December 31, 2027, 25% on December 31, 2028 and 25% on December 31, 2029, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
F3 Each PSU represents a contingent right to receive one share of Common Stock.
F4 The PSUs will vest depending on the Issuer's total shareholder return ("TSR") over, for 50% of the PSUs, a performance period beginning on the grant date and ending on December 31, 2028, for 12.5% of the PSUs, a performance period beginning on the grant date and ending on December 31, 2025, for 12.5% of the PSUs, a one-year performance period ending on December 31, 2026, for 12.5% of the PSUs, a one-year performance period ending on December 31, 2027, and for 12.5% of the PSUs, a one-year performance period ending on December 31, 2028, in each case, relative to companies in the S&P500 Index, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. The maximum number of PSUs that may vest is capped at 225% of the target number of PSUs.