Corporate ActionJun 16, 2026, 09:02 AM
TopBuild Announces 401(k) Blackout Period for QXO Merger
AI Summary
TopBuild Corp. announced a temporary blackout period for its 401(k) Plan participants, effective June 24, 2026, and ending by July 18, 2026. This action is in connection with the previously announced acquisition by QXO, Inc. During this period, participants cannot trade or transfer funds in the TopBuild Stock Fund. Additionally, directors and executive officers are prohibited from trading TopBuild equity securities acquired through their service or employment during a "Pre-Merger Blackout Period" expected to end July 1, 2026, as per Sarbanes-Oxley Act and SEC regulations.
Key Highlights
- TopBuild 401(k) Plan participants to face blackout period due to QXO merger.
- Blackout period expected to begin on June 24, 2026.
- Blackout period expected to end during the week of July 18, 2026.
- Directors and executive officers subject to trading prohibitions during Pre-Merger Blackout Period.
- Pre-Merger Blackout Period for executives expected to end on July 1, 2026.
- Participants cannot transfer, invest new contributions, or receive loans/withdrawals from TopBuild Stock Fund.
- Restrictions apply to TopBuild equity securities acquired through service or employment.
Price Impact
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