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QXO Building Products Executive Compensation (FY23)

BECN · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Julian Francis
Latest say-on-pay support
=
May 15, 2024
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): May 15, 2024
11 filings cited on this page
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333 figures on this page: 324 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Julian Francis: $5,915,125 → $6,154,945 (4.1% higher)
Say-on-pay support: 99.1% → 89.3% (9.8 points lower)
CEO pay ratio: 90:1 → 89:1 (1.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is QXO Building Products' chief executive and what were they paid?
Julian Francis was paid $6,154,945 in total compensation as President and Chief Executive Officer for fiscal 2023. Francis' total moved 4.1% higher from the $5,915,125 reported for fiscal 2022.
What was QXO Building Products' say-on-pay result?
Shareholders supported the say-on-pay proposal with 89.3% of votes cast for or against in favor at the meeting held May 15, 2024 for fiscal 2023.
Which companies are in QXO Building Products' peer group?
Companies named in the disclosed peer group include Applied Industrial Technologies, Boise Cascade Company, Builders FirstSource, Fastenal Company and GMS, among others.
What is QXO Building Products' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2023 is 89:1, against median employee compensation of $69,108.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julian Francis
President and Chief Executive Officer
◇—◇◇◇—◇◇
Frank Lonegro
Former Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Jonathan Bennett
Executive Vice President and Chief Commercial Officer
◇◇◇◇◇—◇◇
Sean McDevitt
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇—◇◇
C. Munroe Best III
President, South Division
◇—◇◇◇—◇◇
Jason Taylor
President, West Division
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julian Francis
President and Chief Executive Officer
◇—◇◇◇—◇◇
Jonathan Bennett
Executive Vice President and Chief Commercial Officer
◇◇◇◇◇—◇◇
Jason Taylor
President, West Division
◇—◇◇◇—◇◇
Frank Lonegro
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇◇——◇◇
C. Munroe Best III
President, South Division
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
C. Munroe Best IIIRSU◇——◇——◇
C. Munroe Best IIIOPTION◇——◇—◇◇
C. Munroe Best IIIPSU◇◇◇—◇—◇
Jason L. TaylorPSU◇◇◇—◇—◇
Jason L. TaylorOPTION◇——◇—◇◇
Jason L. TaylorRSU◇——◇——◇
Jonathan S. BennettPSU◇◇◇—◇—◇
Jonathan S. BennettRSU◇——◇——◇
Jonathan S. BennettOPTION◇——◇—◇◇
Julian G. FrancisOPTION◇——◇—◇◇
Julian G. FrancisRSU◇——◇——◇
Julian G. FrancisOPTION◇——◇—◇◇
Julian G. FrancisPSU◇◇◇—◇—◇
Julian G. FrancisPSU◇◇◇—◇—◇
Julian G. FrancisRSU◇——◇——◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Julian FrancisOption◇—◇8/22/2029
Option◇—◇11/12/2029
Option◇—◇11/12/2030
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
Frank LonegroOption◇—◇4/20/2030
Option◇—◇4/20/2030
Option◇—◇11/12/2030
RSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
C. Munroe Best IIIOption◇—◇11/13/2028
Option◇—◇11/12/2029
RSU◇◇——
Option◇—◇11/12/2030
Option◇—◇11/16/2027
Option◇—◇11/18/2026
Option◇—◇11/20/2025
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jonathan BennettRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jason TaylorRSU◇◇——
Option◇—◇3/1/2033
Option◇—◇11/12/2030
RSU◇◇——
RSU◇◇——
Option◇—◇11/12/2029
Option◇—◇11/20/2025
Option◇—◇11/18/2026
Option◇—◇11/13/2028
Option◇—◇3/10/2032
Option◇—◇11/16/2027
Option◇—◇11/21/2024
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stuart A. Randle
Board chair
◇◇————◇
Philip W. Knisely
◇◇————◇
Robert M. McLaughlin
◇◇————◇
Alan Gershenhorn
◇◇————◇
Douglas L. Young
◇◇————◇
Neil S. Novich
◇◇————◇
Richard W. Frost
◇◇————◇
Earl Newsome Jr
◇◇————◇
Barbara G. Fast
◇◇————◇
Melanie M. Hart
◇◇————◇
Racquel H. Mason
◇◇————◇
Nathan K. Sleeper
◇◇————◇
Carl T. Berquist
◇—————◇
Julian G. Francis served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • Applied Industrial Technologies AIT
  • Boise Cascade Company BCC
  • Builders FirstSource BLDR
  • Fastenal Company FAST
  • GMS GMS
  • Henry Schein HSIC
  • LKQ Corporation LKQ
  • MRC Global MRC
  • MSC Industrial Direct Co., Inc. MSM
  • Owens & Minor symbol not shown
  • Patterson Companies PDCO
  • Pool Corporation POOL
  • Site One Landscape Supply symbol not shown
  • Univar Solutions symbol not shown
  • Veritiv Corporation symbol not shown
  • W.W. Grainger, Inc. GWW
  • Watsco WSO
  • WESCO International WCC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021February 18, 2022=◇◇◇
2020February 19, 2021=◇◇◇
2019February 11, 2020=◇◇◇
2018February 12, 2019=◇◇◇
2017February 13, 2018=◇◇◇
2016February 10, 2017=◇◇◇
2015February 9, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Julian Francis (President and Chief Executive Officer), FY2023 total compensation $6,154,945 (base salary $929,808) [exec_comp, SEC accession 0001193125-24-086050, filed 2024-04-03]

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What this page does not include

Everything above is a fact QXO Building Products disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where QXO Building Products sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
333 figures on this page: 324 cited to the filing that reported them, 9 calculated from figures it prints.
324 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001124941-24-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-24-086050
    Compensation of Directors · Director Compensation · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · Pay Ratio · and 1 more section
  3. 0001124941-23-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-23-092266
  5. 0000950170-22-001549
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001564590-21-007547
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001564590-20-004798
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-19-003100
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-18-002328
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001144204-17-009389
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001144204-16-080991
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “QXO Building Products executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/BECN (accessed 2026).
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The QXO Building Products brief, $500

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11 filings cited on this page
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Peers QXO Building Products discloses

The companies named in BECN's own disclosed peer group.

Applied Industrial TechnologiesBoise Cascade CompanyBuilders FirstSourceFastenal CompanyGMSHenry ScheinLKQ CorporationMRC GlobalMSC Industrial Direct Co., Inc.Patterson CompaniesPool CorporationW.W. Grainger, Inc.WatscoWESCO International

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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