Form 4: Xerox COO Louis Pastor Reports RSU Vesting, Tax Sales

Xerox Holdings Corp's President and COO, Louis Pastor, reported the vesting of Restricted Stock Units and subsequent sale of shares for tax obligations.

Summary

• Louis Pastor, President and Chief Operating Officer of Xerox Holdings Corp, reported transactions involving Restricted Stock Units (RSUs) and common stock on March 11, 2026.
• 78,609 RSUs from an award granted on May 21, 2025, vested and converted into common stock.
• 24,637 shares of common stock were disposed of at a price of $1.75 per share to cover tax obligations related to the vesting.
• Additionally, 27,265 RSUs from an award granted on March 11, 2024, vested and converted into common stock.
• Following this second vesting event, 8,545 shares of common stock were disposed of at a price of $1.75 per share for tax purposes.
• After these transactions, Louis Pastor directly beneficially owns 197,653 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine executive compensation events (RSU vesting and tax-related share sales) that are expected and do not indicate any significant positive or negative operational or financial developments for the company.

Positives

• The vesting of 105,874 Restricted Stock Units (78,609 + 27,265) indicates continued long-term incentive compensation for a key executive.
• The conversion of RSUs to common stock increases the executive's direct ownership of company shares, aligning interests with shareholders (prior to tax-related dispositions).

Negatives

• A total of 33,182 shares (24,637 + 8,545) were disposed of to cover tax liabilities, reducing the executive's direct beneficial ownership.

Future Outlook

NA

Management Comments

• President and Chief Operating Officer (Louis Pastor's role)

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and typically do not provide broader industry context. These transactions reflect individual executive compensation events rather than strategic industry shifts.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes slightly reduces the executive's direct ownership, but the overall vesting process aligns executive incentives with long-term shareholder value.
• Employees: The filing details executive compensation, which is part of the broader employee compensation structure, but does not directly impact general employees.

Next Steps

• The remaining portions of the 235,850 RSU award granted on May 21, 2025, will vest equally over the following eight quarters.
• The remaining portions of the 81,803 RSU award granted on March 11, 2024, will vest on the second and third anniversaries of the grant date.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (vesting of RSUs and subsequent tax-related share sales). It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and do not signal a significant shift in insider sentiment or company prospects.

Keywords

Xerox Holdings Corp, XRX, Louis Pastor, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Common Stock, Executive Compensation, Officer Transactions