Form 4: QXO Building Products Completes Merger with Beacon Roofing Supply, Inc.

Sam Guzman, VP & CAO of Beacon Roofing Supply, Inc., reports the conversion of his holdings to QXO Building Products, Inc. following the merger.

Summary

• Sam Guzman, VP & CAO of Beacon Roofing Supply, Inc., filed a Form 4 detailing changes in beneficial ownership due to the merger with QXO Building Products, Inc.
• The merger, effective April 29, 2025, resulted in the conversion of Beacon Roofing Supply, Inc. common stock into the right to receive $124.35 in cash per share.
• Guzman's holdings, including common stock, Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and stock options, were converted into equivalent QXO securities based on an Equity Award Conversion Amount of 9.838.
• The conversion included 6,882 shares of common stock, various RSUs and PSUs with different vesting schedules, and stock options with varying exercise prices and expiration dates.
• The filing also reports the acquisition of 83 shares under Beacon's 2023 Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a merger, which is generally viewed favorably. The conversion of securities is a standard procedure in such transactions.

Future Outlook

The document does not contain explicit forward-looking statements beyond the completion of the merger and the conversion of equity awards.

Industry Context

This announcement reflects consolidation activity within the building products industry, where companies are merging to achieve synergies and expand their market presence.

Stakeholder Impact

• Shareholders of Beacon Roofing Supply received $124.35 per share in cash.
• Employees holding equity awards had their awards converted into QXO securities.

Key Dates

Keywords

Merger, QXO Building Products, Beacon Roofing Supply, Form 4, Beneficial Ownership, Securities, RSU, PSU, Stock Options, Guzman