Company: QXO-PB
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011886
Chunk: 33

Company: QXO, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 33
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 substantial value for stockholders; |

| ▪ | Paying a $17.4 million dividendto common stockholders, returning capital while accelerating growth; |

| ▪ | Hiring an experienced, high-performing leadership teamto execute the company’s vision; and |

| ▪ | Leading the strategic initiative that culminated in thesigning of a transformational agreement with Beacon Roofing Supply in the first quarter of 2025, which is an $11 billion transaction expected to unlock significant long-term growth opportunities and access to capital. |

Equity Grant Structure and Grant Date Valuations The number of shares underlying the executives’ equity awards and related terms were established in connection with the executives’ employment agreements or offer letters, which were contingent on the closing of the Equity Investment. For Messrs. Jacobs and Smith, the number of shares underlying their equity awards was calculated using the original Equity Investment price of $4.566 per share, which reflected the company’s valuation at the time of the transaction. This valuation served as the basis for negotiating their equity packages prior to any movement in QXO’s market price. In the period immediately following public disclosure of the investment, QXO’s stock price appreciated significantly—driven by (i) strong investor enthusiasm

| 25 |     | ©2025 QXO, Inc. |

TABLE OF CONTENTS surrounding the company’s business plan and long-term growth trajectory and (ii) confidence in the newly appointed executive leadership team, including Mr. Jacobs, whose track record includes the creation of eight multi-billion-dollar enterprises. The sharp increase in market value occurred after the original equity terms were agreed to, and reflects the market’s expectations for future value creation under the new executive team’s direction. For Messrs. Essaid and Signorello, whose offers were agreed to later, the number of shares underlying their equity awards was based on a price of $15 per share, reflecting prevailing market conditions at that time. In accordance with the employment agreements for Messrs. Jacobs and Essaid, the equity awards were intended to cover a five-year equity package, rather than recurring annual grants. This structure reinforces QXO’s long-term orientation and links executive compensation to sustained company performance. Due to the need to close the Equity Investment and subsequently register the shares under Form S-8, the equity awards were not formally granted until July 30, 2024. As described above, between the negotiation of the compensation packages and the final grant date, QXO’s share price rose materially—a reflection