Form 4: Xerox Executive Louis Pastor Granted Significant Restricted Stock Units

Xerox Holdings Corp's Executive Vice President, Chief Transformation & Administrative Officer, Louis Pastor, was granted 235,850 restricted stock units on May 21, 2025, increasing his beneficial ownership to 371,861 units.

Summary

• Louis Pastor, Executive Vice President, Chief Transformation & Administrative Officer of Xerox Holdings Corporation (XRX), reported an acquisition of restricted stock units (RSUs).
• On May 21, 2025, Mr. Pastor was granted 235,850 Restricted Stock Units at a price of $0 per unit.
• Following this transaction, Mr. Pastor's total beneficial ownership of Restricted Stock Units in Xerox Holdings Corporation stands at 371,861 units.
• The awarded RSUs will vest in nine installments: one-third (33.33%) on March 11, 2026, with the remaining two-thirds vesting equally over the subsequent eight quarters.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a standard executive compensation grant, aligning executive interests with company performance. It's a routine filing and doesn't indicate any negative operational or financial news.

Positives

• The grant of restricted stock units aligns the executive's interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The significant award size indicates continued commitment and incentivization for a key executive within Xerox's leadership.

Future Outlook

The future outlook for Louis Pastor's ownership is tied to the vesting schedule of the newly acquired Restricted Stock Units, with a significant portion vesting in March 2026 and quarterly thereafter, indicating a long-term incentive structure.

Management Comments

• Louis Pastor holds the position of Executive Vice President, Chief Transformation & Administrative Officer at Xerox Holdings Corporation.

Industry Context

This Form 4 filing is a standard disclosure for executive compensation in publicly traded companies, reflecting the grant of equity awards as part of an executive's incentive package. Such grants are common practice across various industries to retain talent and align management's interests with shareholder value.

Stakeholder Impact

• Shareholders: The grant of RSUs to a key executive aims to align management's long-term interests with shareholder value creation, as the executive's compensation becomes more directly tied to the company's stock performance.
• Employees: While not directly impacting all employees, such executive compensation structures can signal stability and a commitment to retaining top leadership.

Next Steps

• Vesting of the granted Restricted Stock Units will occur in installments, with the first one-third vesting on March 11, 2026, and the remainder vesting equally over the subsequent eight quarters.

Key Dates

Keywords

Xerox Holdings Corporation, XRX, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Louis Pastor