QXO (QXO) Chief Legal Officer reports RSU vesting and share lock-up
Rhea-AI Filing Summary
QXO, Inc. reported an insider equity transaction for its Chief Legal Officer on a Form 4. On December 31, 2025, 24,750 restricted stock units (RSUs) converted into the same number of shares of common stock at a stated price of $0.00, reflecting vesting rather than a market purchase. To cover tax obligations from this vesting, 7,760 shares were withheld by QXO at a price of $21.04 per share, and the filing notes that no shares were sold by the insider in the market.
Following these transactions, the reporting person directly held 126,400 shares of QXO common stock and 140,250 RSUs. The RSU award vests in five installments: 15% on December 31, 2025; 17.5% on December 31, 2026; 17.5% on December 31, 2027; 25% on December 31, 2028; and 25% on December 31, 2029, generally conditioned on continued employment. After-tax shares received upon settlement are subject to a lock-up that restricts transfers through December 31, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,750 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 24,750 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 7,760 | $21.04 | $163K |
Footnotes (1)
- No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on the Transaction Date, as originally scheduled, and there were no related discretionary transactions or open market sales. Each RSU represents a contingent right to receive, upon settlement, one share of Common Stock. The RSUs vest in five installments of 15% on December 31, 2025, 17.5% on December 31, 2026, 17.5% on December 31, 2027, 25% on December 31, 2028, and 25% on December 31, 2029, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. The after-tax shares received upon settlement of the RSU award are subject to a lock up which prohibits transfers of such shares through December 31, 2029.
FAQ
What insider transaction did QXO (QXO) disclose for its Chief Legal Officer?
The Chief Legal Officer of QXO, Inc. reported the vesting and settlement of 24,750 restricted stock units into common shares on December 31, 2025, with related tax withholding by the company.
What is the vesting schedule for the QXO (QXO) restricted stock units in this Form 4?
The RSUs vest in five tranches: 15% on December 31, 2025; 17.5% on December 31, 2026; 17.5% on December 31, 2027; 25% on December 31, 2028; and 25% on December 31, 2029, generally requiring continued employment.
What transaction prices are disclosed in this QXO (QXO) Form 4?
The RSU conversion into common stock is shown at a price of $0.00 per share, while the 7,760 shares withheld to cover taxes are priced at $21.04 per share.