Form 4: QXO Building Products Director, Racquel Harris Mason, Reports Conversion of Restricted Stock Units to Cash Following Merger

Director Racquel Harris Mason reports the conversion of vested and unvested Restricted Stock Units (RSUs) into cash following the merger of Beacon Roofing Supply, Inc. with a subsidiary of QXO, Inc.

Summary

• Racquel Harris Mason, a director of QXO Building Products, Inc. (formerly Beacon Roofing Supply, Inc.), filed a Form 4.
• The filing reports the conversion of Restricted Stock Units (RSUs) into cash as a result of the merger between Beacon Roofing Supply, Inc. and Queen MergerCo, Inc., a subsidiary of QXO, Inc.
• Vested RSUs were converted into the right to receive $124.35 in cash per unit, totaling 2,408 units.
• Unvested RSUs were also converted into the right to receive $124.35 in cash per unit, totaling 1,400 units, originally scheduled to vest on May 15, 2025.
• The merger agreement was dated March 20, 2025.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to a merger. The sentiment is neutral as it simply reports the conversion of RSUs to cash. The score is slightly positive as the merger has been completed.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger and the conversion of RSUs to cash.

Industry Context

This announcement reflects the completion of a merger transaction in the building products industry, resulting in changes to equity holdings of company insiders.

Key Dates

Keywords

Form 4, RSU, QXO Building Products, Merger, Director, Racquel Harris Mason, Beacon Roofing Supply, Conversion, Cash