Form 4: Xerox CEO's Routine Stock Vesting and Tax Sale

Xerox CEO Steven Bandrowczak reported the vesting of Restricted Stock Units and subsequent sale of shares for tax purposes.

Summary

• Steven John Bandrowczak, CEO and Director of Xerox Holdings Corp (XRX), reported transactions on January 18, 2026.
• 60,751 Restricted Stock Units (RSUs) vested, converting into an equal number of common stock shares.
• 22,260 shares of common stock were disposed of at a price of $2.72 per share to cover tax obligations related to the RSU vesting.
• Following these transactions, Bandrowczak beneficially owns 1,052,549 Restricted Stock Units and 453,167 shares of Common Stock directly.
• The vested RSUs are part of an original award of 178,678 RSUs granted on January 18, 2023, which vests in three annual installments (33%, 33%, and 34%).

Sentiment

Score: 5

Explanation: This is a routine, pre-scheduled insider transaction related to executive compensation and tax obligations, which does not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Positives

• The vesting of 60,751 Restricted Stock Units indicates a portion of the CEO's long-term incentive compensation has been realized.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled and automated transaction, which reduces concerns about opportunistic insider trading.

Negatives

• The disposition of 22,260 shares of common stock for tax purposes reduces the CEO's direct common stock ownership by that amount.

Future Outlook

The remaining Restricted Stock Units from the January 18, 2023 grant are expected to vest in future annual installments according to the original vesting schedule.

Industry Context

This filing details a routine executive compensation event and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event. The sale of shares for taxes is a common occurrence and does not necessarily signal a lack of confidence in the company.
• Employees: No direct impact on the broader employee base is mentioned in this filing.

Next Steps

• Future vesting of the remaining Restricted Stock Units from the January 18, 2023 grant on their respective anniversaries.

Key Dates

Keywords

Xerox Holdings Corp, XRX, Steven John Bandrowczak, CEO, Director, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Stock Vesting, Tax Withholding, 10b5-1 plan