Form 4: Xerox Director John Roese Acquires Deferred Stock Units
SEC Form 4 Filing
Director John Roese acquired 16,152 Deferred Stock Units (DSUs) of Xerox Holdings Corp on May 22, 2024, which will vest on May 22, 2025.
Summary
- On May 22, 2024, John Roese, a director of Xerox Holdings Corp, acquired 16,152 Deferred Stock Units (DSUs).
- Each DSU represents the right to receive one share of Xerox common stock upon the director's termination of service or death, subject to any deferral period.
- The DSUs will vest on May 22, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a director's compensation. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The DSUs represent a future claim on Xerox common stock, contingent on continued service or death of the director.
Industry Context
Acquisition of deferred stock units is a common practice for compensating and incentivizing corporate directors.
Stakeholder Impact
- The acquisition of DSUs by a director aligns their interests with those of shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: John Roese acquired 16,152 Deferred Stock Units. |
| 05/22/2025 | Vesting date of the 16,152 Deferred Stock Units. |
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