OTERO MADELINE 4

What Happened
Madeline Otero, Interim Chief Accounting Officer of QXO (QXO), received a grant of 32,637 restricted stock units (RSUs) on July 15, 2026. The Form 4 reports the award as a derivative acquisition at $0 per unit (an equity compensation grant, not a cash purchase or sale).

Key Details

• Transaction date: 2026-07-15; Form filed 2026-07-17 (filed within the standard two-business-day window).
• Grant type/code: Award/Grant (A); 32,637 RSUs granted, reported acquisition price $0.
• RSU mechanics: Each RSU represents a contingent right to receive one share of QXO common stock upon settlement (per footnote).
• Vesting schedule: 35% vest on January 15, 2027 and 65% vest on July 15, 2027, generally subject to continued employment through each vesting date.
• Holdings after transaction: Footnotes show the Reporting Person holds 878 shares of QXO common stock (previously reported 868, adjusted +10 by the exchange agent) and the newly granted 32,637 RSUs (derivative).
• No immediate sale or cashless exercise; this is an equity compensation award, not a market transaction.

Context
RSU grants are a common form of executive compensation and do not by themselves indicate buying or selling sentiment. The award vests over time subject to continued employment; shares will only be issued upon settlement of the RSUs according to the vesting schedule.