Form 4: Xerox Executive Reports Stock Transactions
SEC Form 4 Filing
Jacques-Edouard Gueden, a Xerox executive, reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares for tax purposes.
Summary
- On March 11, 2025, Jacques-Edouard Gueden, Chief Channel and Partner Officer of Xerox Holdings Corporation, reported transactions involving restricted stock units (RSUs) and common stock.
- 26,079 RSUs vested and were converted into common stock.
- 14,605 shares were withheld and disposed of to cover tax obligations at a price of $6.11 per share.
- Following these transactions, Gueden directly owns 68,664 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any particular positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the conversion of existing equity awards.
- Employees holding similar equity awards may be interested in the details of the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| March 11, 2024 | Reporting Person was granted an award of 78,246 Restricted Stock Units, which vests in three installments of 33%, 33% and 34% on the first, second and third anniversaries of the grant date |
| March 11, 2025 | Date of the reported transactions: vesting of RSUs, conversion to common stock, and disposition of shares for taxes. |
| March 13, 2025 | Date of signature on the Form 4 filing. |
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