Covington Alec C 4

What Happened
Alec C. Covington, a director of QXO, Inc., was credited with two award/acquisition transactions on July 1, 2026 totaling 153,862 shares of QXO common stock (150,368 shares + 3,494 shares). Prices are listed as N/A in the filing; these were awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely—within Form 4 reporting window).
• Shares received: 150,368 and 3,494 (total 153,862). Price per share: N/A (awarded/converted shares).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnote F1: The issuance followed the merger with TopBuild Corp.; the filer received the merger cash consideration for TopBuild common stock.
• Footnote F2: The reported QXO shares represent TopBuild restricted stock awards that vested and converted into QXO common stock at the merger’s effective time.
• Transaction code: A = Award/Grant/Other acquisition.

Context
These shares arose from TopBuild’s merger into QXO and the automatic vesting/conversion of TopBuild restricted stock awards—common merger-related compensation events. Such awards reflect agreement terms and vesting/conversion mechanics rather than a director’s open‑market buying or selling decision, so they should be interpreted as transaction-driven rather than a direct insider trading signal.