Xerox director granted 87,209 deferred stock units

Erwin Tami A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Erwin Tami A. reported acquisition or exercise transactions in this Form 4 filing.

Xerox Holdings Corp director Tami A. Erwin received a grant of 87,209 Deferred Stock Units. These units were awarded as compensation at a price of $0.00 per unit and increase her direct holdings to 149,699 Deferred Stock Units.

Each Deferred Stock Unit represents the right to receive one share of Xerox common stock after her service as a director ends or upon death, subject to any deferral period. The newly granted units will vest on May 20, 2027. The reported balance also reflects 2,509 additional units credited from dividend equivalents on previously held Deferred Stock Units.

Insider Trade Summary

Grant/Award: 87,209 shares

Grant/Award 1 txn

Insider Erwin Tami A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	87,209	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 149,699 shares (Direct)

Footnotes (3)

1. F1. Each Deferred Stock Unit (DSU) represents the right to receive one share of common stock upon the reporting person's termination of service as a director or death, subject to any applicable deferral period.
2. F2. The DSUs will vest on May 20, 2027.
3. F3. Balance adjusted to reflect 2,509 DSUs awarded from dividend equivalents attributable to DSUs held as of the relevant record dates.

Key Figures

Deferred Stock Units granted: 87,209 units Price per unit: $0.00 per unit Total DSUs after grant: 149,699 units +2 more

5 metrics

Deferred Stock Units granted 87,209 units Award of Deferred Stock Units to Tami A. Erwin

Price per unit $0.00 per unit Compensation grant with no cash paid by insider

Total DSUs after grant 149,699 units Tami A. Erwin’s direct Deferred Stock Unit holdings following the transaction

Dividend equivalent DSUs 2,509 units Additional DSUs credited from dividend equivalents

Vesting date May 20, 2027 Vesting date for the newly granted Deferred Stock Units

Key Terms

Deferred Stock Units, dividend equivalents, vest, termination of service

4 terms

Deferred Stock Units financial

"Each Deferred Stock Unit (DSU) represents the right to receive one share of common stock"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

dividend equivalents financial

"DSUs awarded from dividend equivalents attributable to DSUs held as of the relevant record dates"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

vest financial

"The DSUs will vest on May 20, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

termination of service financial

"upon the reporting person's termination of service as a director or death"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Xerox (XRX) director Tami A. Erwin report?

Tami A. Erwin reported receiving 87,209 Deferred Stock Units as a compensation grant. These units were awarded at $0.00 per unit and increased her total direct Deferred Stock Unit holdings to 149,699, according to the most recent Form 4 disclosure.

How many Xerox (XRX) Deferred Stock Units does Tami A. Erwin now hold?

After the latest grant, Tami A. Erwin holds 149,699 Deferred Stock Units. This total includes the 87,209 newly awarded units and 2,509 additional units credited from dividend equivalents tied to previously held Deferred Stock Units.

When do Tami A. Erwin’s new Xerox (XRX) Deferred Stock Units vest?

The newly granted 87,209 Deferred Stock Units will vest on May 20, 2027. Vesting means the award becomes fully earned, though actual Xerox common shares are delivered only when her board service ends or upon death, subject to any deferral elections.

What does each Xerox (XRX) Deferred Stock Unit represent for Tami A. Erwin?

Each Deferred Stock Unit represents the right to receive one share of Xerox common stock. The shares are issued after Tami A. Erwin’s termination of service as a director or upon death, and can be affected by any applicable deferral period she has elected.

Why was Tami A. Erwin’s Xerox (XRX) Deferred Stock Unit balance adjusted for dividend equivalents?

Her balance was adjusted to add 2,509 Deferred Stock Units from dividend equivalents. These arise when dividends on Xerox common stock generate additional DSUs on previously held awards, effectively reinvesting dividends into extra Deferred Stock Units instead of cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 06:32 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Erwin Tami A.

(Last) (First) (Middle)

XEROX HOLDINGS CORPORATION

P.O. BOX 4505 401 MERITT 7

(Street)

NORWALK CONNECTICUT 0651-10156

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Xerox Holdings Corp [ XRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Deferred Stock Units(1)	05/20/2026		A		87,209(2)	A	$0	149,699(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each Deferred Stock Unit (DSU) represents the right to receive one share of common stock upon the reporting person's termination of service as a director or death, subject to any applicable deferral period.

2. The DSUs will vest on May 20, 2027.

3. Balance adjusted to reflect 2,509 DSUs awarded from dividend equivalents attributable to DSUs held as of the relevant record dates.

	/s/ Eric Risi, as attorney-in-fact	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)