Form 4: Xerox Director A. Scott Letier Awarded Over 75,000 Deferred Stock Units

Xerox Holdings Corporation's Director, A. Scott Letier, has been awarded 75,443 Deferred Stock Units (DSUs) as part of a compensation arrangement, increasing his total beneficial ownership to 206,841 DSUs.

Summary

• A. Scott Letier, a Director of Xerox Holdings Corporation (XRX), acquired 75,443 Deferred Stock Units (DSUs) on May 21, 2025.
• The DSUs were acquired at a price of $0, indicating they are likely part of a compensation or award plan.
• Following this transaction, Mr. Letier's total beneficial ownership of DSUs stands at 206,841.
• An additional 12,395 DSUs were awarded from dividend equivalents attributable to previously held DSUs.
• Each DSU represents the right to receive one share of common stock upon the reporting person's termination of service as a director or death, subject to any applicable deferral period.
• The newly acquired 75,443 DSUs are scheduled to vest on May 21, 2026.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates alignment of director interests with shareholders through equity compensation, a standard and healthy corporate practice. It is not highly impactful on its own but contributes to good governance.

Positives

• The acquisition of Deferred Stock Units by a director aligns their interests with those of shareholders, as the value of the DSUs is tied to the company's stock performance.
• The award of DSUs from dividend equivalents indicates a mechanism for directors to benefit from company performance through their equity holdings.

Future Outlook

The acquired Deferred Stock Units are scheduled to vest on May 21, 2026, at which point they will convert into common stock shares, subject to the terms of the DSU agreement.

Industry Context

The award of Deferred Stock Units to directors is a common practice in corporate governance, serving as a form of long-term incentive compensation that aligns the interests of the board with shareholders by tying a portion of their compensation to the company's stock performance.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) as a component of director compensation is a standard practice across many publicly traded companies, including those in the technology and business services sectors like Xerox.
• The vesting schedule and conversion upon termination of service are typical features of such equity awards, designed to retain directors and incentivize long-term value creation.

Stakeholder Impact

• Shareholders: The award of DSUs to a director helps align the director's financial interests with those of the shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The 75,443 Deferred Stock Units are expected to vest on May 21, 2026.

Key Dates

Keywords

Xerox Holdings Corporation, XRX, SEC Form 4, Insider Transaction, Deferred Stock Units, Director Compensation, Equity Award, Beneficial Ownership