XRX.NASDAQXerox Holdings CORP

Form 4: Xerox CFO Mirlanda Gecaj Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Xerox CFO Mirlanda Gecaj reports the vesting and conversion of restricted stock units into common stock, as well as the withholding of shares for tax obligations.

Summary

  • On March 11, 2025, Mirlanda Gecaj, CFO of Xerox Holdings Corporation, reported transactions involving restricted stock units (RSUs) and common stock.
  • 4,742 RSUs vested and were converted into common stock.
  • 2,293 shares were withheld to cover tax obligations at a price of $6.11 per share.
  • Following these transactions, Gecaj directly owns 26,951 RSUs and 5,956 shares of common stock.
  • The initial grant of 14,227 RSUs occurred on March 11, 2024, vesting in three installments.

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

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CFO of Xerox, when they conduct transactions in their company's stock. It provides transparency to the market regarding insider activity.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

DateDescription
03/11/2024Reporting Person was granted an award of 14,227 Restricted Stock Units, which vests in three installments of 33%, 33% and 34% on the first, second and third anniversaries of the grant date.
03/11/2025Vesting of 4,742 Restricted Stock Units, conversion to common stock, and withholding of shares for taxes.
03/13/2025Date of signature for the Form 4 filing.

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