Form 4: Xerox COO Louis Pastor's Stock Vesting & Tax Withholding

Xerox Holdings Corp's President and COO, Louis Pastor, reported the vesting of 81,473 Restricted Stock Units and subsequent tax-related share withholding.

Summary

• Louis Pastor, President and Chief Operating Officer of Xerox Holdings Corp, reported transactions related to his beneficial ownership.
• On January 4, 2026, 81,473 Restricted Stock Units (RSUs) vested, converting into an equal number of common stock shares.
• These RSUs were part of an award of 162,946 RSUs granted on January 4, 2024, which were scheduled to vest in two equal installments on the first and second anniversaries of the grant date.
• Following the vesting, 29,452 shares of common stock were withheld at a price of $2.46 per share to cover tax liabilities.
• After these transactions, Louis Pastor directly owns 124,961 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of executive compensation vesting and tax withholding, which is a standard event and does not reflect positively or negatively on the company's operational or financial performance.

Positives

• Vesting of Restricted Stock Units indicates a scheduled compensation event for a key executive, aligning their interests with long-term company performance.

Negatives

• Shares were disposed of for tax purposes, which is a common practice but reduces the executive's direct holding.

Future Outlook

This filing is a disclosure of a scheduled compensation event and does not contain forward-looking statements about the company's performance or strategy.

Industry Context

This is a routine insider transaction and reflects standard executive compensation practices involving equity awards, common across various industries.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice across various industries, including technology and business services, aligning executive incentives with shareholder value over time.
• The withholding of shares to cover tax obligations upon vesting is a standard and efficient method for executives to manage their tax liabilities, observed widely in public companies.

Related Party Transactions

• The vesting of Restricted Stock Units and subsequent acquisition of common stock by a company officer is a form of related party transaction related to executive compensation.
• The withholding of shares for tax purposes is also part of this compensation-related transaction.

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation event for a key executive, aligning their interests with long-term company performance through equity ownership. The sale of shares for tax purposes is a minor dilution event but standard.
• Employees: Reflects the company's executive compensation structure, which may influence broader compensation strategies.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (RSU vesting and tax withholding) and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It is a standard disclosure of insider stock ownership changes.

Keywords

Xerox Holdings Corp, XRX, Louis Pastor, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Tax Withholding