Form 4: Xerox CEO Steven Bandrowczak Reports Stock Transactions
SEC Form 4
Xerox CEO Steven Bandrowczak reports the vesting and disposal of restricted stock units for tax purposes.
Summary
- On August 2, 2024, Xerox CEO Steven Bandrowczak reported transactions involving restricted stock units (RSUs) and common stock.
- 58,304 RSUs vested and converted into common stock.
- 27,019 shares were withheld and disposed of to cover tax obligations at a price of $10.14 per share.
- Following these transactions, Bandrowczak directly owns 219,684 shares of common stock and 579,587 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 08/02/2022 | Reporting person was granted an award of 176,679 Restricted Stock Units, which vests in three installments of 33%, 33% and 34% on the first, second and third anniversaries of the grant date. |
| 01/2024 | 128,599 Restricted Stock Units vested. Of the 128,599 Restricted Stock Units that vested, 50,757 were withheld and disposed of for taxes. |
| 08/02/2024 | Date of transaction: vesting of restricted stock units and subsequent disposal for taxes. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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