Ihsan Essaid - 30 Jul 2024 Form 4 Insider Report for QXO, Inc. (QXO)

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	+847,500		$0.000000	847,500	30 Jul 2024	Common Stock	847,500		Direct	F1, F2
transaction	QXO	Performance Stock Unit	Award	$0	+1,137,500		$0.000000	1,137,500	30 Jul 2024	Common Stock	1,137,500		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.