Form 4: Xerox Director Tami A. Erwin Acquires Over 44,000 Deferred Stock Units

Xerox Holdings Corporation's Director, Tami A. Erwin, has acquired 44,378 Deferred Stock Units (DSUs) as part of her compensation, bringing her total beneficial ownership to 62,225 DSUs.

Summary

• Xerox Holdings Corporation Director Tami A. Erwin acquired 44,378 Deferred Stock Units (DSUs) on May 21, 2025.
• Each DSU represents the right to receive one share of common stock upon termination of service as a director or death, subject to any applicable deferral period.
• These newly acquired DSUs will vest on May 21, 2026.
• Following this transaction, Ms. Erwin beneficially owns a total of 62,225 DSUs.
• The total balance of 62,225 DSUs includes an adjustment for 1,695 DSUs awarded from dividend equivalents attributable to previously held DSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (expected), but the acquisition of equity by a director generally signals alignment with company performance and long-term commitment, which is a positive signal for investors.

Positives

• The acquisition of Deferred Stock Units by a director aligns their interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The grant of DSUs is a standard component of director compensation, indicating ongoing commitment and retention of key board members.

Future Outlook

The acquired Deferred Stock Units are scheduled to vest on May 21, 2026, indicating a future conversion of these units into common stock, subject to the director's continued service.

Industry Context

This Form 4 filing reflects a routine compensation event for a director at Xerox Holdings Corporation, consistent with common practices in publicly traded companies where non-employee directors receive equity-based compensation to align their interests with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The grant of Deferred Stock Units to Director Tami A. Erwin constitutes a transaction between the company and a related party (an insider), which is a standard component of director compensation and is disclosed as required by SEC regulations.

Stakeholder Impact

• Shareholders: The grant of DSUs to a director aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The acquired Deferred Stock Units are expected to vest on May 21, 2026, at which point they will convert into shares of Xerox common stock.

Key Dates

Keywords

Xerox Holdings Corporation, XRX, SEC Form 4, Insider Transaction, Deferred Stock Units, DSU, Director Compensation, Corporate Governance, Stock Ownership, Public Filings