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Get filing alertsQXO appoints Ken West as President and COO with $850K salary and ~$8.9M equity package
Filed August 24, 2026 · Period ending August 21, 2026 · ~1 min read
Key Changes
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Ken West joins as President and COO effective Sept 1, 2026, bringing 20+ years leading industrial businesses and M&A integration experience from Honeywell, where he led three major segments and executed acquisitions and spin-offs.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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West's compensation includes $850K base salary, 125% target bonus ($1.06M), $5.5M sign-on RSUs vesting over 4 years (50% at year 2, 50% at year 4), and $2.5M new-hire RSUs vesting after 1 month with 2-year clawback.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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West will receive prorated 2026 annual long-term incentive awards totaling ~$1.74M: $868K in time-based RSUs vesting over 4 years and $868K in performance RSUs tied to total shareholder return vs S&P 500 through Dec 2030 (0%-225% payout range).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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QXO targets $50B annual revenue within the decade through acquisitions and organic growth in the $800B building products market, where it holds leading positions in insulation, roofing, lumber, and waterproofing distribution.
Exhibit 99.1 view on EDGAR →
Summary
QXO has hired Ken West from Honeywell as President and Chief Operating Officer effective September 1, 2026, to lead day-to-day operations as the company pursues aggressive growth targets. West brings over 20 years of industrial operations and M&A integration experience, most recently leading Honeywell's Process Technology division where he executed acquisitions and a business spin-off. His track record aligns directly with QXO's stated goal of expected to reach $50 billion in annual revenue within the decade through acquisitions and organic growth in the $800 billion building products distribution market.
The compensation package totals approximately $8.9 million in equity grants plus $850,000 base salary and a 125% target bonus. The structure includes $5.5 million in sign-on RSUs vesting over four years, $2.5 million in new-hire RSUs vesting after one month (with a two-year clawback if West leaves voluntarily), and prorated 2026 long-term incentive awards split between time-based and performance-based RSUs tied to total shareholder return versus the S&P 500. The appointment strengthens QXO's operational leadership as it builds scale across insulation, roofing, lumber, and waterproofing distribution, where it already holds top-three market positions in North America.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
QXO appointed Ken West as President and COO effective Sept 1, 2026, with $850K base salary, 125% target bonus, and ~$8.9M equity grants.
Added in current filing · verify on EDGAR →
On August 21, 2026, QXO, Inc. (the “Company”) appointed Ken West as the Company’s President and Chief Operating Officer, effective as of September 1, 2026.
QXO appointed Ken West, age 49, as President and Chief Operating Officer effective September 1, 2026. West brings over 20 years of experience leading industrial businesses and joins from Honeywell, where he most recently served as President and CEO of Honeywell Process Technology. This is a new executive role addition to QXO's leadership team.
Added in current filing · verify on EDGAR →
On or about September 15, 2026, subject to Committee approval, Mr. West will also receive an equity incentive award consisting of RSUs with a grant-date value of $2,500,000 (“New Hire RSUs”) under the Plan. The New Hire RSUs will vest in full on the one-month anniversary of the grant date, subject to Mr. West’s continued employment through such vesting date.
West will receive an additional $2.5 million in restricted stock units that vest after just one month. However, if he leaves the company (other than involuntary termination without cause) before his second anniversary, he must repay the fair market value of these RSUs less taxes. This provides immediate equity compensation with a two-year retention mechanism.
Added in current filing · verify on EDGAR →
the Company intends to grant Mr. West annual long-term incentive awards under the QXO, Inc. 2024 Omnibus Incentive Compensation Plan (the “Plan”) in the form of (i) time-based restricted stock units (“RSUs”) with a grant-date value of $867,808 and (ii) performance-based restricted stock units (“PSUs”) with a grant-date value of $867,808
West will receive prorated 2026 annual long-term incentive awards totaling approximately $1.74 million: $867,808 in time-based RSUs vesting over four years (15%/25%/25%/35% schedule) and $867,808 in performance-based RSUs tied to total shareholder return versus the S&P 500 through December 31, 2030, with potential payout ranging from 0% to 225% of target. This aligns executive compensation with long-term shareholder returns.
Event · Exhibit 99.1
QXO appoints Ken West as President and COO effective September 1, 2026, to lead day-to-day operations and scaling efforts.
Added in current filing · view on EDGAR →
QXO, Inc. (NYSE: QXO), today announced the appointment of Ken West as President and Chief Operating Officer, effective September 1, 2026. West will report to Chief Executive Officer Brad Jacobs and be responsible for QXO’s day-to-day operations.
QXO has hired Ken West from Honeywell Technologies to serve as President and Chief Operating Officer starting September 1, 2026. West will oversee the company's daily operations and report directly to CEO Brad Jacobs. This is a senior executive addition aimed at strengthening operational leadership as QXO pursues its growth strategy.
Added in current filing · view on EDGAR →
West brings an extensive track record of high-impact operational leadership and driving major business transformations. He joins QXO from Honeywell Technologies, where he most recently served as President and Chief Executive Officer of Honeywell Process Technology, which holds the leading global position in process technology. West has more than 20 years of experience leading large, complex industrial businesses across operations, strategy, finance, and integration. He was responsible for the acquisition of Johnson Matthey’s Catalyst Technologies business and spearheaded its integration.
West comes from Honeywell where he led the Process Technology division and has over 20 years of experience in operations, strategy, finance, and M&A integration across industrial businesses. His track record includes leading major acquisitions and integrations, which aligns with QXO's stated growth-through-acquisition strategy. CEO Brad Jacobs emphasized West's operational rigor and ability to deliver results will be instrumental in scaling QXO's platform.
Added in current filing · view on EDGAR →
West joined Honeywell in 2018 and rose to lead three major business segments within six years. Prior to leading Honeywell Process Technology, he served as President and Chief Executive Officer of the company’s Energy and Sustainability Solutions segment, President and Chief Executive Officer of Honeywell UOP, and President of Honeywell Advanced Materials. In his most recent role, West helped shape Process Technology into a more growth-oriented business, including the spin-off of the independent company now known as Solstice Advanced Materials. He also led the acquisition of Sundyne and oversaw its integration with Honeywell’s automation and digital platforms.
West rapidly advanced at Honeywell, leading three major business segments in six years. His experience includes executing a business spin-off and integrating acquisitions into larger platforms, demonstrating capabilities directly relevant to QXO's stated goal of building scale through M&A and organic growth in the building products distribution industry.
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