Form 4: Xerox Director Tami A. Erwin Acquires Deferred Stock Units
SEC Form 4 Filing
Tami A. Erwin, a director of Xerox Holdings Corp, acquired 16,152 deferred stock units on May 22, 2024, which will vest on May 22, 2025.
Summary
- On May 22, 2024, Tami A. Erwin, 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 were acquired at a price of $0.00 and will vest on May 22, 2025.
- Following the transaction, Ms. Erwin beneficially owns 16,152 DSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock unit acquisition, indicating a neutral sentiment.
Future Outlook
The director will receive shares of common stock upon termination of service or death, subject to any applicable deferral period.
Industry Context
This is a standard Form 4 filing, reflecting a director's acquisition of deferred stock units, a common form of executive compensation.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Acquisition of 16,152 Deferred Stock Units |
| 05/22/2025 | Vesting date of the 16,152 Deferred Stock Units |
| 05/24/2024 | Date of Form 4 filing |
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