Form 4: Xerox VP & CAO Reports Changes in Beneficial Ownership After PSU Conversion to RSUs

Mirlanda Gecaj, VP & CAO of Xerox Holdings Corp, reports changes in beneficial ownership following the conversion of Performance Stock Units (PSUs) into Restricted Stock Units (RSUs).

Summary

• Mirlanda Gecaj, a VP & CAO at Xerox Holdings Corp, filed a Form 4 detailing changes in beneficial ownership.
• On December 16, 2024, Gecaj converted 14,227 Performance Stock Units (PSUs) into Restricted Stock Units (RSUs).
• The conversion was approved by the Compensation Committee on December 11, 2024, allowing Gecaj to elect the conversion.
• The converted RSUs vest in three installments on the anniversaries of the original PSU grant date (March 11, 2024).
• Following the reported transactions, Gecaj beneficially owns 33,659 Restricted Stock Units.
• This total includes 1,965 Restricted Stock Units that vested on January 18, 2024, of which 813 were withheld for taxes, resulting in the acquisition of 1,152 shares of common stock.
• As of the filing date, Gecaj owns 2,492 shares of Xerox common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The converted RSUs will vest in three installments on the first, second, and third anniversaries of the original PSU grant date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates