Form 4: Xerox Legal Officer Converts RSUs, Sells for Tax

Xerox Holdings Corp's Chief Legal Officer, Colon Flor, converted Restricted Stock Units into common stock and subsequently sold a portion to cover tax obligations.

Summary

• Colon Flor, Chief Legal Officer and Corporate Secretary of Xerox Holdings Corp, reported transactions on January 18, 2026.
• 2,228 Restricted Stock Units (RSUs) vested and converted into common stock on a one-for-one basis.
• These vested RSUs were part of an award of 6,552 RSUs granted on January 18, 2023, which vest in three annual installments.
• Following the conversion, 922 shares of common stock were withheld and disposed of at a price of $2.72 per share to cover tax liabilities.
• After these transactions, Colon Flor beneficially owns 15,793 shares of common stock and 192,561 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports a standard executive compensation event involving the vesting of Restricted Stock Units and subsequent tax withholding, which is a neutral event for company operations.

Positives

• The vesting of 2,228 Restricted Stock Units for the Chief Legal Officer indicates the successful maturation of a portion of their long-term incentive compensation.

Negatives

• 922 shares of common stock were disposed of at $2.72 per share to cover tax obligations, resulting in a reduction of the officer's direct common stock holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The conversion of RSUs to common stock represents a minor, pre-planned dilution event, which is a standard component of executive compensation plans. The subsequent tax withholding partially offsets this.
• Employees: No direct impact on the broader employee base.
• Management: The transaction reflects a standard compensation event for the Chief Legal Officer.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of Restricted Stock Units and the subsequent sale of shares to cover tax liabilities. Such a transaction is a standard part of executive compensation plans and does not provide new material information regarding Xerox Holdings Corp's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing does not alter the fundamental investment thesis.

Keywords

Xerox, XRX, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Executive Compensation, Colon Flor