Form 4: Xerox CEO Steven Bandrowczak Reports Stock Transactions
SEC Form 4 Filing
CEO Steven Bandrowczak reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares for tax purposes.
Summary
- On March 11, 2025, Xerox CEO Steven Bandrowczak reported transactions involving restricted stock units (RSUs) and common stock.
- 112,615 RSUs vested and were converted into common stock.
- 52,186 shares were withheld and disposed of to cover tax obligations at a price of $6.11 per share.
- Following these transactions, Bandrowczak directly owns 360,142 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Reporting Person was granted an award of 337,878 Restricted Stock Units, which vests in three installments of 33%, 33% and 34% on the first, second and third anniversaries of the grant date. |
| 03/11/2025 | Vesting and conversion of 112,615 Restricted Stock Units into common stock; disposition of 52,186 shares for tax purposes. |
| 03/13/2025 | Date of signature for the Form 4 filing. |
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