The Moto X seems to be getting a lot of coverage today. Earlier we found out that the Sprint version of the device is currently undergoing soak tests for Android 4.4.2. Now we see that Verizon is well past that stage and is in the process of rolling the update out to their users.
The update will roll out in a traditional staged fashion, meaning you could see it today or in a couple weeks. You can check in through Settings -> About Phone -> Check for updates. Make sure you have a solid Wi-Fi connection and ample battery life if you have it available.
Source: Verizon Via Androidandme