Xerox (XRX) director Tami A. Erwin receives 87,209 deferred stock units grant
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Erwin Tami A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 87,209 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 149,699 shares (Direct, null)
Footnotes (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. The DSUs will vest on May 20, 2027. 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
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.