QXO, Inc. (QXO) grants 9,639 RSUs and updates director shareholdings
Rhea-AI Filing Summary
Covington Alec C reported acquisition or exercise transactions in this Form 4 filing.
QXO, Inc. director Alec C. Covington reported an equity award and an updated share balance. He received a grant of 9,639 restricted stock units, each representing a contingent right to receive one share of common stock, vesting in full on the date of the issuer's 2027 annual meeting of stockholders, subject to his continued board service. His direct holdings of common stock now total 153,887 shares, reflecting 25 additional shares received under the April 18, 2026 Agreement and Plan of Merger with TopBuild Corp. based on the exchange agent's final calculations.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Covington Alec C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,639 | $0.00 | -- |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,639 shares (Direct);
Common Stock, $0.00001 par value — 153,887 shares (Direct)
Footnotes (1)
- The Reporting Person previously reported 153,862 shares of QXO Common Stock received pursuant to the Agreement and Plan of Merger, dated as of April 18, 2026 (the "Merger Agreement"), by and among the Issuer, certain of its subsidiaries, and TopBuild Corp., subject to final calculations by the exchange agent. The Reporting Person's holdings have been updated to reflect 25 additional shares of QXO Common Stock received pursuant to the Merger Agreement, based on the exchange agent's final calculations. Each restricted stock unit ("RSU") represents a contingent right to receive, upon settlement, one share of Common Stock. The RSUs vest in full on the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service as a director of the Issuer.
Key Figures
RSUs granted: 9,639 units
Underlying common shares for RSUs: 9,639 shares
Common shares held after update: 153,887 shares
+2 more
5 metrics
RSUs granted
9,639 units
Restricted stock units granted to director Alec C. Covington on July 15, 2026
Underlying common shares for RSUs
9,639 shares
Each RSU represents a contingent right to receive one share of common stock
Common shares held after update
153,887 shares
Direct holdings of QXO common stock by Alec C. Covington after merger adjustment
Additional merger shares received
25 shares
Extra QXO common shares received under the merger agreement after final calculations
RSU vesting timing
2027 annual meeting
RSUs vest in full on the date of QXO’s 2027 Annual Meeting of Stockholders
Key Terms
Restricted Stock Units, contingent right to receive, Agreement and Plan of Merger, exchange agent
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right to receive financial
"Each restricted stock unit represents a contingent right to receive one share"
Agreement and Plan of Merger financial
"received pursuant to the Agreement and Plan of Merger dated as of April 18, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
exchange agent financial
"based on the exchange agent's final calculations of the merger consideration"
An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award did QXO (QXO) disclose for Alec C. Covington?
QXO disclosed that director Alec C. Covington received 9,639 restricted stock units. Each RSU represents a contingent right to receive one share of common stock upon settlement, subject to vesting conditions tied to the 2027 annual meeting.
When do Alec C. Covington’s new QXO (QXO) RSUs vest?
The 9,639 RSUs vest in full on the date of QXO’s 2027 Annual Meeting of Stockholders. Vesting is contingent on Covington’s continued service as a director through that meeting date.
What does each QXO (QXO) restricted stock unit granted to Alec C. Covington represent?
Each restricted stock unit granted to Alec C. Covington represents a contingent right to receive one share of QXO common stock upon settlement, according to the terms described in the footnotes.