Xerox (XRX) awards 449,438 restricted stock units vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xerox Holdings Corp reported that officer Chuck Douglas Butler acquired an award of 449,438 restricted stock units on May 20, 2026. These units carry no exercise price and represent equity-based compensation, not an open-market purchase. The award vests in nine installments, with one-third vesting on March 11, 2027 and the remaining two-thirds vesting equally over the following eight quarters, creating a multi‑year retention and incentive structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Butler Chuck Douglas
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 449,438 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 449,438 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units awarded: 449,438 units
Price per unit: $0.0000
Units outstanding after transaction: 449,438 units
+2 more
5 metrics
Restricted stock units awarded
449,438 units
Award to officer Chuck Douglas Butler on May 20, 2026
Price per unit
$0.0000
Restricted stock unit award compensation structure
Units outstanding after transaction
449,438 units
Total restricted stock units held directly following award
Initial vesting portion
33.33%
Vests on March 11, 2027, first installment of award
Remaining vesting installments
8 quarters
Balance of award vests equally over next eight quarters
Key Terms
Restricted Stock Unit, vests in nine installments, vesting equally over the following eight (8) quarters
3 terms
Restricted Stock Unit financial
"This award of restricted stock units vests in nine installments..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vests in nine installments financial
"This award of restricted stock units vests in nine installments..."
vesting equally over the following eight (8) quarters financial
"and the remainder vesting equally over the following eight (8) quarters."
FAQ
What insider transaction did Xerox (XRX) report for Chuck Douglas Butler?
Xerox reported that officer Chuck Douglas Butler received an award of 449,438 restricted stock units. This is equity-based compensation rather than an open-market stock purchase, aligning part of his pay with Xerox’s future share performance over a multi‑year period.
How many restricted stock units did the Xerox (XRX) officer receive?
The officer received 449,438 restricted stock units. These units convert into Xerox shares as they vest over time, tying compensation to the company’s long‑term results instead of immediate cash, and encouraging continued service and performance through the vesting schedule.
What is the vesting schedule for the 449,438 Xerox (XRX) restricted stock units?
The award vests in nine installments, with one-third vesting on March 11, 2027. The remaining two-thirds vest equally over the next eight quarters, gradually delivering shares over several years and supporting long‑term retention of the officer at Xerox Holdings Corp.
Did the Xerox (XRX) insider pay cash for these 449,438 units?
No cash was paid for these 449,438 restricted stock units, which have a reported price per unit of 0.0000. They are granted as part of the officer’s compensation and become actual shares only as they vest according to the disclosed schedule.
Are these Xerox (XRX) restricted stock units an open-market stock purchase?
No, the transaction reflects an equity award of restricted stock units, not an open-market purchase. The units vest over time starting March 11, 2027, meaning the officer earns actual Xerox shares gradually rather than buying them directly on the market.