Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-17

QXO Building Products (BECN)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,154,945
Julian Francis total, FY2023
CEO pay percentile vs peers
89:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BECN
No companies currently name BECN as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Julian Francis$929,808$0$2,743,130$914,382$1,537,956$0$29,670$6,154,945
President and Chief Executive Officer
Jonathan Bennett580,962187,500506,220168,762515,177026,5941,985,215
Executive Vice President and Chief Commercial Officer
Jason Taylor466,9230468,780156,241628,233025,0021,745,178
President, West Division
Frank Lonegro590,9620825,045275,0160033,5251,724,547
Former Executive Vice President and Chief Financial Officer
C. Munroe Best III490,9620468,780156,241395,975026,4661,538,423
President, South Division

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Julian Francis$6,154,945$5,661,918
Jonathan Bennett1,985,2152,440,4681,574,902−455,253
Jason Taylor1,745,1782,041,6461,411,409−296,468
Frank Lonegro1,724,5473,291,8842,422,693−1,567,337
C. Munroe Best III1,538,4232,127,3371,430,073−588,914

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
C. Munroe Best III2023-03-012,404$156,260
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Julian FrancisRSU28,135$2,448,308
Julian FrancisRSU14,0671,224,110
Frank LonegroRSU8,462736,363
C. Munroe Best IIIRSU4,808418,392
C. Munroe Best IIIRSU2,119184,395
Jonathan BennettRSU2,755239,740
Jason TaylorOption3,14658.98
C. Munroe Best IIIRSU1,397121,567
Frank LonegroRSU8,377728,967
Jason TaylorRSU8,377728,967
Frank LonegroRSU1,397121,567
Jason TaylorRSU1,397121,567
C. Munroe Best IIIOption3,14658.98
Jason TaylorOption4,90465
Frank LonegroRSU8,986781,962
Julian FrancisRSU13,8991,209,491
Jonathan BennettRSU8,696756,726
Jonathan BennettRSU5,510479,480
Jonathan BennettRSU5,192451,808
Frank LonegroRSU4,231368,182
Jonathan BennettRSU2,596225,904
Julian FrancisOption54,54533.47
Julian FrancisOption49,61035.78
Julian FrancisOption20,63158.98
Julian FrancisOption28,70065
Frank LonegroOption17,83217.51
Frank LonegroOption16,42835.78
Jonathan BennettOption4,08958.98
Jason TaylorOption3,59537.89
Jason TaylorOption3,51947.4
Jason TaylorOption2,52255.17
Jason TaylorOption3,42927.26
Jason TaylorOption3,63633.47
C. Munroe Best IIIOption5,63737.89
C. Munroe Best IIIOption7,03747.4
C. Munroe Best IIIOption12,85727.26
C. Munroe Best IIIOption8,97733.47
C. Munroe Best IIIOption7,31935.78
Jason TaylorRSU2,404209,196
C. Munroe Best IIIRSU2,404209,196
Jason TaylorOption4,88035.78
Frank LonegroRSU4,493390,981
Jonathan BennettRSU4,058353,127
Frank LonegroOption6,66958.98
Julian FrancisOption62,98431.16
Jason TaylorRSU4,808418,392
C. Munroe Best IIIRSU8,377728,967
Julian FrancisRSU27,7982,418,982
Jonathan BennettRSU6,990608,270
C. Munroe Best IIIRSU4,239368,878
Jason TaylorRSU4,239368,878
Jason TaylorRSU2,119184,395
Jonathan BennettRSU1,165101,378
Frank LonegroOption8,63265
Frank LonegroOption24,96417.51
Jonathan BennettOption5,29765
Jason TaylorOption2,50028.64
C. Munroe Best IIIOption7,09355.17
C. Munroe Best IIIOption4,90465
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation practices are intended to attract, motivate and retain high performing executives in a competitive marketplace as well as align such executives total compensation with the long-term interests of our stockholders and the attainment of our annual and long-term performance goals. The program provides our NEOs with compensation that is industry competitive, internally equitable and commensurate with their skills, knowledge, experience, results and responsibilities.

CEO STI target (% of salary)115%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)89 : 1
CEO total compensation$6,154,945
Median employee compensation$69,108
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Stuart A. RandleIndependent · Board Chair$166,374$129,975$0$0$296,349
Philip W. KniselyIndependent · Departed during FY148,333129,97500278,308
Robert M. McLaughlinIndependent · Audit (Chair) · Compensation138,750129,97500268,725
Alan GershenhornIndependent · Compensation · Nominating/Governance (Chair)124,052129,97500254,027
Douglas L. YoungIndependent · Compensation (Chair) · Nominating/Governance117,269129,97500247,244
Neil S. NovichIndependent · Audit · Nominating/Governance112,028129,97500242,003
Richard W. FrostIndependent · Compensation · Nominating/Governance · Not standing for re-election107,500129,97500237,475
Earl Newsome JrIndependent · Audit · Nominating/Governance107,500129,97500237,475
Barbara G. FastIndependent · Audit · Nominating/Governance107,500129,97500237,475
Melanie M. HartIndependent · Audit · Compensation100,489129,97500230,464
Racquel H. MasonIndependent · Compensation · Nominating/Governance · Newly elected77,947152,45000230,397
Nathan K. SleeperIndependent · Departed during FY52,500129,97500182,475
Carl T. BerquistIndependent · Departed during FY20,5560020,556
Julian G. FrancisEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 17,500
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$1,380,798
Equity awards (grant-date value)$1,582,175
All other compensation$0
Total cost of the board$2,962,973

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2023

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies QXO Building Products names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including QXO Building Products.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1WESCO International2025John Engel$1,412,165$7,112,936$2,275,029$1,362,550$12,308,746
2Henry Schein2025Stanley Bergman1,707,0007,764,80002,289,25112,013,915
3W.W. Grainger, Inc.2025D.G. Macpherson1,176,3708,451,81901,653,07511,609,508
4LKQ Corporation2025Justin Jude1,000,0006,500,02501,200,0008,767,864
5Builders FirstSource2025Peter Jackson1,000,0006,573,0620549,7628,133,324
6Applied Industrial Technologies2025Neil Schrimsher801,4033,162,6271,175,6511,173,7246,517,480
7QXO Building Products2023Julian Francis929,8082,743,130914,3821,537,9566,154,945
8MRC Global2024Robert Saltiel860,0004,446,3830658,6575,992,594
9Patterson Companies2024Donald Zurbay900,0013,063,1241,000,000813,7135,895,511
10MSC Industrial Direct Co., Inc.2025Erik Gershwind871,4113,549,96601,425,7505,873,837
11GMS2024John Turner Jr.865,0001,650,0131,650,030977,6065,165,943
12Fastenal Company2025Daniel Florness750,0000861,3872,569,0004,183,328
Watsconot in coverage universe
Boise Cascade Companynot in coverage universe
Pool Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
QXO Building Products141%PSU 50 · RSU 25 · Options 25NoFrederic W. Cook & Co., Inc.
Applied Industrial Technologies106.2%PSU 55 · Options 23 · RSU 23NoPay Governance
Boise Cascade Companynot disclosednot disclosednot disclosednot disclosed
Builders FirstSource36.7%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Fastenal Company342%Options 100not disclosednot disclosed
GMS113.0%RSU 50 · Options 50not disclosedMeridian
Henry Schein89.3%PSU 65 · RSU 35NoPearl Meyer
LKQ Corporation80.0%PSU 100NoFrederic W. Cook & Co., Inc. (F.W. Cook)
MRC Global61.3%RSU 50 · PSU 50Yes — Relative TSR (OIH index + DNOW Inc. + Russell 2000 Index)Meridian
MSC Industrial Direct Co., Inc.95%PSU 50 · RSU 50NoFW Cook
Patterson Companies72.33%PSU 50 · Options 25 · RSU 25NoSemler Brossy
Pool Corporationnot disclosednot disclosednot disclosednot disclosed
W.W. Grainger, Inc.93%PSU 60 · RSU 40NoPay Governance, LLC
Watsconot disclosednot disclosednot disclosednot disclosed
WESCO Internationalnot disclosedPSU 68 · RSU 32Yes — Relative Total Stockholder Return (TSR) ModifierMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Julian FrancisDEF 14A2024-04-030001193125-24-086050Section “SUMMARY COMPENSATION TABLE”. As printed: 6,154,945. Filing ↗machine: t151 · r5 · c29 · span 808456–808465
2Section 01, Jonathan BennettDEF 14A2024-04-030001193125-24-086050Section “SUMMARY COMPENSATION TABLE”. As printed: 1,985,215. Filing ↗machine: t151 · r16 · c29 · span 830862–830871
3Section 01, Jason TaylorDEF 14A2024-04-030001193125-24-086050Section “SUMMARY COMPENSATION TABLE”. As printed: 1,745,178. Filing ↗machine: t151 · r21 · c29 · span 840926–840935
4Section 01, Frank LonegroDEF 14A2024-04-030001193125-24-086050Section “SUMMARY COMPENSATION TABLE”. As printed: 1,724,547. Filing ↗machine: t151 · r11 · c29 · span 820758–820767
5Section 01, C. Munroe Best IIIDEF 14A2024-04-030001193125-24-086050Section “SUMMARY COMPENSATION TABLE”. As printed: 1,538,423. Filing ↗machine: t151 · r26 · c29 · span 850941–850950
6Section 03, C. Munroe Best III DEF 14A2024-04-030001193125-24-086050Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r24 · c41 · span 935135–935142
7Section 07, pay ratioDEF 14A2024-04-030001193125-24-086050Section “CEO Pay Ratio”. As printed: 89 : 1. Filing ↗machine: span 234451–234453
8Section 08, Stuart A. RandleDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 296,349. Filing ↗machine: t194 · r24 · c19 · span 1248850–1248857
9Section 08, Philip W. KniselyDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 278,308. Filing ↗machine: t194 · r14 · c19 · span 1238099–1238106
10Section 08, Robert M. McLaughlinDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 268,725. Filing ↗machine: t194 · r18 · c19 · span 1242294–1242301
11Section 08, Alan GershenhornDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 254,027. Filing ↗machine: t194 · r10 · c19 · span 1233926–1233933
12Section 08, Douglas L. YoungDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 247,244. Filing ↗machine: t194 · r28 · c19 · span 1254079–1254086
13Section 08, Neil S. NovichDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 242,003. Filing ↗machine: t194 · r22 · c19 · span 1246411–1246418
14Section 08, Richard W. FrostDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 237,475. Filing ↗machine: t194 · r8 · c19 · span 1232138–1232145
15Section 08, Earl Newsome JrDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 237,475. Filing ↗machine: r20 · c19 · span 1244679–1244686
16Section 08, Barbara G. FastDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 237,475. Filing ↗machine: t194 · r6 · c19 · span 1229754–1229761
17Section 08, Melanie M. HartDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 230,464. Filing ↗machine: t194 · r12 · c19 · span 1236309–1236316
18Section 08, Racquel H. MasonDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 230,397. Filing ↗machine: t194 · r16 · c19 · span 1240546–1240553
19Section 08, Nathan K. SleeperDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 182,475. Filing ↗machine: t194 · r26 · c19 · span 1250639–1250646
20Section 08, Carl T. BerquistDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 20,556. Filing ↗machine: t194 · r4 · c5 · span 1226907–1226913
21Section 08, Julian G. FrancisDEF 14A2024-04-030001193125-24-086050Section “Director Compensation”. As printed: 0. Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 1,380,798 + equity 1,582,175 + all other 0 = 2,962,973, summed across the director compensation table rows.machine: formula: Σ = 2,962,973
24WESCO International, Section 10b CEO totalDEF 14A2026-04-170001193125-26-159688CEO total compensation as printed in WESCO International's own proxy. As printed: 12,308,746. Filing ↗machine: t107 · r2 · c26 · span 2182235–2182245
25Henry Schein, Section 10b CEO totalDEF 14A2026-04-080001193125-26-146317CEO total compensation as printed in Henry Schein's own proxy. As printed: 12,013,915. Filing ↗machine: t221 · r3 · c35 · span 671366–671376
26W.W. Grainger, Inc., Section 10b CEO totalDEF 14A2026-03-100001104659-26-025575CEO total compensation as printed in W.W. Grainger, Inc.'s own proxy. As printed: 11,609,508. Filing ↗machine: r1 · c32 · span 1578499–1578510
27LKQ Corporation, Section 10b CEO totalDEF 14A2026-03-240001065696-26-000026CEO total compensation as printed in LKQ Corporation's own proxy. As printed: 8,767,864. Filing ↗machine: span 607323–607332
28Builders FirstSource, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140509CEO total compensation as printed in Builders FirstSource's own proxy. As printed: 8,133,324. Filing ↗machine: span 2406984–2406993
29Applied Industrial Technologies, Section 10b CEO totalDEF 14A2025-09-100001193125-25-200079CEO total compensation as printed in Applied Industrial Technologies's own proxy. As printed: 6,517,480. Filing ↗machine: r3 · c31 · span 736163–736172
30QXO Building Products (subject), Section 10b CEO totalDEF 14A2024-04-030001193125-24-086050CEO total compensation as printed in QXO Building Products's own proxy. As printed: 6,154,945. Filing ↗machine: t151 · r5 · c29 · span 808456–808465
31MRC Global, Section 10b CEO totalDEF 14A2025-04-170001193125-25-083481CEO total compensation as printed in MRC Global's own proxy. As printed: 5,992,594. Filing ↗machine: r3 · c23 · span 1015729–1015738
32Patterson Companies, Section 10b CEO totalDEF 14A2024-08-020001140361-24-035443CEO total compensation as printed in Patterson Companies's own proxy. As printed: 5,895,511. Filing ↗machine: r1 · c22 · span 1037370–1037379
33MSC Industrial Direct Co., Inc., Section 10b CEO totalDEF 14A2025-12-110001003078-25-000174CEO total compensation as printed in MSC Industrial Direct Co., Inc.'s own proxy. As printed: 5,873,837. Filing ↗machine: t26 · r2 · c16 · span 209861–209870
34GMS, Section 10b CEO totalDEF 14A2024-08-270001628280-24-038533CEO total compensation as printed in GMS's own proxy. As printed: 5,165,943. Filing ↗machine: t37 · span 567756–567765
35Fastenal Company, Section 10b CEO totalDEF 14A2026-02-250000815556-26-000017CEO total compensation as printed in Fastenal Company's own proxy. As printed: 4,183,328. Filing ↗machine: span 487146–487155
36Section 10a, LKQ Corporation reciprocityDEF 14A0001065696-26-000026LKQ Corporation's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
37Section 10a, W.W. Grainger, Inc. reciprocityDEF 14A0001104659-26-025575W.W. Grainger, Inc.'s most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
38Section 10a, WESCO International reciprocityDEF 14A0001193125-26-159688WESCO International's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
39Section 10a, Applied Industrial Technologies reciprocityDEF 14A0001193125-25-200079Applied Industrial Technologies's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
40Section 10a, Builders FirstSource reciprocityDEF 14A0001193125-26-140509Builders FirstSource's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
41Section 10a, Fastenal Company reciprocityDEF 14A0000815556-26-000017Fastenal Company's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
42Section 10a, Henry Schein reciprocityDEF 14A0001193125-26-146317Henry Schein's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
43Section 10a, MRC Global reciprocityDEF 14A0001193125-25-083481MRC Global's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
44Section 10a, MSC Industrial Direct Co., Inc. reciprocityDEF 14A0001003078-25-000174MSC Industrial Direct Co., Inc.'s most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗
45Section 10a, Patterson Companies reciprocityDEF 14A0001140361-24-035443Patterson Companies's most recent proxy was read; its disclosed peer group does not include QXO Building Products. Filing ↗