Company: QXO-PB
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011886
Chunk: 35

Company: QXO, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 35
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 | —              |     |            — |     |           1,096 |     |  12,725,233 |

| (1) | For individuals employed for only a portion of the year, amounts reflect salary actually earned during the year. |

| (2) | Represents bonuses for 2024 and, for Mr. Essaid, includes a signing bonus, as described under “Overview of 2024 Executive Employment Arrangements” below. For 2024, bonus payments were limited to target because we were still in the stage of seeking business opportunities and so did not yet have business performance metrics. As set forth in the employment agreements and offer letters, bonuses were not pro-rated for 2024. |

| (3) | Reflects the grant date value of RSUs and PSUs granted during the year, as determined for accounting purposes based on the assumptions set forth in Notes 2 and 10 to the financial statements in the Form 10-K for the fiscal year ending December 31, 2024. The PSUs are subject to market conditions, which are described under “Overview of 2024 Executive Employment Arrangements” below. |

The following table shows further information regarding the determination of the awards in the compensation offers compared to the final accounting grant date value.

|                  |     |   Annualized Value(a) |     |                        |     |                        |
| Named Executive  
 Officer          |     |   Annualized Value of 
 Communicated Offer(b) |     |        Accounting Fair 
     Value of Awards on 
 Annualized Basis(c)(d) |     | Multiple of Accounting 
         Fair Value vs. 
  Communicated Value(e) |
| Brad Jacobs      |     |           $10,000,000 |     |            $37,639,893 |     |                   3.76 |
| Ihsan Essaid     |     |            $5,250,000 |     |             $6,015,230 |     |                   1.15 |
| Chris Signorello |     |              $990,000 |     |             $1,047,998 |     |                   1.06 |
| Sean Smith       |     |              $950,000 |     |             $2,396,847 |     |                   2.52 |

| a) | Represents the combined five-year value of each executive’s RSU and PSU awards (as applicable), averaged over five years to align with the full vesting and