QXO grants RSUs, PSUs to president and COO West
QXO granted its President and COO a mix of time-based RSUs and TSR-linked performance stock units with vesting running through 2030.
Rhea-AI Filing Summary
QXO, Inc. (symbol: QXO) is the issuer of record for a Form 4 filing submitted to the SEC. West Kenneth J reported acquisition or exercise transactions in this Form 4 filing.
QXO, Inc. (QXO) reported that President and COO Kenneth J. West received several equity awards on September 15, 2026. He was granted 75,857 RSUs that vest 15% on September 15, 2027, 25% on September 15, 2028, 25% on September 15, 2029, and 35% on September 15, 2030, each RSU settling into one share of Common Stock. He also received 480,769 RSUs vesting 50% on September 15, 2028 and 50% on September 15, 2030, and 218,531 RSUs vesting on October 15, 2026, in each case generally subject to continued employment. In addition, he was granted 75,857 performance stock units, each representing one share of Common Stock, that may vest based on QXO’s total shareholder return over a performance period ending December 31, 2030 relative to the S&P500 Index, with vesting capped at 225% of the target number of units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 75,857 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3 | 480,769 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F4 | 218,531 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units F5, F6 | 75,857 | $0.00 | $0.00 |
Footnotes (6)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive, upon settlement, one share of Common Stock.
- F2. The RSUs vest in four installments of 15% on September 15, 2027, 25% on September 15, 2028, 25% on September 15, 2029, and 35% on September 15, 2030, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- F3. The RSUs vest in two installments of 50% on September 15, 2028 and 50% on September 15, 2030, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- F4. The RSUs vest on October 15, 2026, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- F5. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Common Stock.
- F6. The PSUs will vest depending on the Issuer's total shareholder return ("TSR") over a performance period beginning on the grant date and ending on December 31, 2030 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.
Key Figures
Key Terms
Restricted Stock Units financial
performance-based restricted stock unit financial
S&P500 Index financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did QXO (QXO) grant to President and COO Kenneth J. West?
What are the vesting terms of the 75,857 RSUs granted by QXO (QXO)?
How do the 480,769 RSUs for QXO’s (QXO) President and COO vest?
When do the 218,531 RSUs granted by QXO (QXO) to Kenneth J. West vest?
How are the 75,857 performance stock units at QXO (QXO) earned?
Were QXO (QXO) President and COO equity awards reported under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.