Form 4: Xerox Executive Louis Pastor Reports Stock Transactions
SEC Form 4 Filing
Louis Pastor, a Xerox executive, reports the vesting and conversion of restricted stock units into common stock, along with a transaction to cover tax obligations.
Summary
- On March 11, 2025, Louis Pastor, Executive Vice President, Chief Transformation & Administrative Officer of Xerox Holdings Corporation, reported transactions involving restricted stock units (RSUs) and common stock.
- A total of 27,265 RSUs vested and were converted into common stock.
- 9,161 shares were withheld to cover taxes at a price of $6.11 per share.
- Following these transactions, Pastor directly owns 72,940 shares of common stock and 136,011 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't contain information that would significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transactions reported may have a minor dilutive effect on existing shareholders due to the issuance of new shares upon conversion of RSUs.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Reporting Person was granted an award of 81,803 Restricted Stock Units, which vests in three installments of 33%, 33% and 34% on the first, second and third anniversaries of the grant date. |
| 03/11/2025 | Restricted Stock Units vested and were converted into common stock; shares withheld for taxes. |
| 03/13/2025 | Date of signature for the report. |
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