4/A: Xerox Director Amends SEC Filing to Correct Deferred Stock Unit Award

Xerox Holdings Corporation Director A. Scott Letier filed an amended Form 4 to correct a clerical error regarding the number of Deferred Stock Units awarded on May 21, 2025.

Summary

• Xerox Holdings Corporation Director A. Scott Letier filed an amended Form 4 (4/A) to correct an error in a previously reported transaction.
• The amendment clarifies that the correct number of Deferred Stock Units (DSUs) awarded on May 21, 2025, was 71,629, not the originally reported 75,443.
• This correction reduces the reported DSU award by 3,814 units.
• Following this transaction, Mr. Letier beneficially owns 203,027 DSUs.
• The total DSU balance includes 12,405 DSUs awarded from dividend equivalents attributable to DSUs held as of relevant record dates.
• 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 DSUs awarded on May 21, 2025, are scheduled to vest on May 21, 2026.

Sentiment

Score: 5

Explanation: The document is a neutral compliance filing correcting a clerical error in an insider's equity award, with no direct impact on the company's operational or financial performance.

Positives

• The filing demonstrates adherence to SEC reporting requirements by promptly correcting an identified clerical error, ensuring accuracy of public records.

Negatives

• An initial clerical error in reporting the number of awarded DSUs required an amendment, indicating a minor administrative oversight.

Risks

• Risk of clerical errors in financial reporting, though this specific instance was promptly identified and corrected.

Future Outlook

The Deferred Stock Units awarded on May 21, 2025, are scheduled to vest on May 21, 2026, indicating a future equity distribution event for the director upon meeting the vesting conditions.

Management Comments

• The amendment is being filed to correct an inadvertent clerical error in reporting the number of DSUs awarded on May 21, 2025.

Industry Context

This filing is a standard regulatory compliance update for insider equity holdings and does not provide insights into broader industry trends or the competitive landscape of the business.

Stakeholder Impact

• Shareholders: Provides updated, accurate information regarding a director's equity holdings, ensuring transparency and compliance with regulatory disclosure requirements.

Next Steps

• Vesting of the 71,629 Deferred Stock Units on May 21, 2026, subject to the reporting person's continued service as a director.

Key Dates

Keywords

Xerox Holdings Corporation, XRX, SEC Form 4/A, Deferred Stock Units, DSU, Insider Trading, Beneficial Ownership, Director Compensation, Equity Award, Compliance