4/A: Xerox Director Amends DSU Award Filing, Correcting Clerical Error

Xerox Holdings Corporation Director Nichelle Maynard-Elliott has filed an amended Form 4 to correct a clerical error regarding the number of Deferred Stock Units (DSUs) awarded on May 21, 2025.

Summary

• Nichelle Maynard-Elliott, a Director of Xerox Holdings Corporation, filed a Form 4/A to amend a previous filing.
• The amendment corrects an inadvertent clerical error in the reporting of Deferred Stock Units (DSUs) awarded on May 21, 2025.
• The correct number of DSUs awarded on May 21, 2025, is 42,134, not the originally reported 44,378.
• 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 42,134 DSUs awarded on May 21, 2025, are scheduled to vest on May 21, 2026.
• The reporting person's total beneficial ownership of DSUs following this transaction is 128,194.
• This total includes 8,128 DSUs awarded from dividend equivalents attributable to DSUs held as of relevant record dates.

Sentiment

Score: 5

Explanation: The document is neutral as it primarily serves to correct a clerical error in a previously reported insider transaction, with no significant positive or negative implications for the company's operations or financial health.

Negatives

• The need for an amendment indicates a clerical error in the initial filing, which could suggest minor administrative oversight.

Future Outlook

The 42,134 Deferred Stock Units awarded on May 21, 2025, are scheduled to vest on May 21, 2026, representing a future compensation event for the director.

Industry Context

This filing is a routine insider transaction amendment and does not provide broader industry context or trends. It pertains specifically to a director's compensation at Xerox Holdings Corporation.

Stakeholder Impact

• Shareholders: Minor impact as it corrects the reported compensation for a director, clarifying the exact number of DSUs held by an insider.

Next Steps

• The 42,134 Deferred Stock Units awarded on May 21, 2025, are expected to vest on May 21, 2026.

Key Dates

Keywords

Xerox Holdings Corporation, XRX, SEC Form 4/A, Insider Trading, Beneficial Ownership, Deferred Stock Units, DSU, Director Compensation, Clerical Error, Amendment