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

Xerox Holdings Corporation Director Tami A. Erwin filed an amended Form 4 to correct a clerical error regarding the number of Deferred Stock Units awarded on May 21, 2025, reducing the reported amount from 44,378 to 42,134.

Summary

• Tami A. Erwin, a Director of Xerox Holdings Corporation (XRX), filed an amended Form 4 to correct an error in a previous filing.
• The amendment clarifies that 42,134 Deferred Stock Units (DSUs) were awarded on May 21, 2025, instead of the originally reported 44,378 DSUs.
• This correction reduces the reported DSU award by 2,244 units.
• Each DSU grants the right to one share of common stock upon the director's termination of service or death, subject to deferral.
• The awarded DSUs are set to vest on May 21, 2026.
• The reporting person's total beneficial ownership of DSUs following the corrected transaction is 59,981, which includes 1,695 DSUs from dividend equivalents.

Sentiment

Score: 5

Explanation: Neutral. The document is a routine amendment to correct a clerical error in an insider transaction, with no material positive or negative implications for the company's operations or financial health. It reflects standard compliance procedures.

Positives

• The filing demonstrates transparency and adherence to SEC reporting requirements by correcting a clerical error.

Negatives

• The correction indicates a slight reduction of 2,244 DSUs in the award to the director compared to the initial report, which could be perceived as a minor negative for the director's compensation.

Risks

• Clerical errors in SEC filings, while corrected, can sometimes raise questions about internal controls, though in this case, it appears to be a minor, isolated incident.

Future Outlook

The document primarily corrects a past transaction and does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the vesting date of the DSUs.

Management Comments

• The filing was signed by Eric Risi, as attorney-in-fact for Tami A. Erwin, indicating the formal nature of the correction.

Industry Context

This filing is a routine insider transaction amendment and does not provide information relevant to broader industry trends or competitive landscape. It pertains specifically to an individual director's equity compensation at Xerox Holdings Corporation.

Comparison to Industry Standards

• This is a specific insider compensation disclosure and does not lend itself to direct comparison with industry-wide financial performance benchmarks or specific projects.
• Director compensation structures, including DSU awards, are common across publicly traded companies, but the specific amounts are company and individual-specific.

Stakeholder Impact

• Shareholders: The correction of a clerical error in a director's equity award is unlikely to have a material impact on shareholders, as it is a minor adjustment to compensation details rather than a change in company performance or strategy.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders as the filing pertains solely to an insider's equity compensation disclosure.

Next Steps

• The awarded Deferred Stock Units (DSUs) are scheduled to vest on May 21, 2026.

Key Dates

Recommendation

Keywords

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