Company: QXO-PB
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011886
Chunk: 32

Company: QXO, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 32
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. Accordingly, the Summary Compensation Table (“SCT”) reflects compensation for (i) the post-closing executive officers and (ii) the CEO of the predecessor company for the portion of the year prior to the closing of the Equity Investment. Executive Compensation Decisions for the New Leadership Team Our executive compensation program is designed to attract, retain, and motivate exceptional leadership talent while aligning compensation with long-term stockholder value creation. It is built on a pay-for-performance philosophy that emphasizes equity-based incentives tied to sustainable value creation and stockholder alignment. Specifically, our program is intended to:

| ▪ | Provide competitive compensation to minimize disruption and retain key talent; |

| ▪ | Motivate executives to deliver on short- and long-term strategic goals; and |

| ▪ | Align executive rewards with long-term increases in stockholder value. |

The 2024 compensation for the post-closing executive team included market-based salaries and an annual cash-based short-term incentive (“STI”), but was heavily weighted toward equity-based long-term incentive (“LTI”) awards. These equity awards were granted following the closing of the Equity Investment and are reflected in the “Stock Awards” column of the SCT. Our long-term incentive plan includes restricted stock unit awards that may be subject to time-based vesting (“RSUs”), performance-based vesting (“PSUs”), or both. These award structures directly link executive compensation to QXO’s long-term success. Delivering Transformational Performance in 2024 The compensation philosophy and structure described above were instrumental in recruiting and motivating a new executive leadership team that delivered exceptional results in 2024. Notably, under Mr. Jacobs’ leadership, QXO delivered an increase of approximately 400% in stockholder value between the announcement of the Equity Investment in December 2023 and the formal grant of equity awards at the end of July 2024—a key context for understanding the higher SCT-reported valuations, as compared to the originally agreed-upon and intended economic value of the executives’ equity-based awards. The path to delivering such substantial stockholder value included successfully executing a host of initiatives, such as:

| ▪ | Delivering a $1 billion equity investmentinto SilverSun Technologies Inc., transforming the company’s capital position and strategic outlook; |

| ▪ | Executing two private placements totaling $4.1 billionto further strengthen the company’s financial foundation; |

| ▪ | Increasing the company’s stock price by approximately 400%following the announcement of the Equity Investment, as noted above, creating