Louis Pastor of Xerox (XRX) vests 81,473 RSUs, withholds 29,452
Rhea-AI Filing Summary
Xerox Holdings Corporation officer Louis Pastor reported the vesting and settlement of restricted stock units. On January 4, 2026, 81,473 Restricted Stock Units from a January 4, 2024 award vested and were converted into the same number of shares of common stock on a one-for-one basis at a stated price of $0 per share. Of the vested amount, 29,452 shares were withheld and disposed of at $2.46 per share to cover taxes. Following these transactions, Pastor directly held 124,961 shares of Xerox common stock and 290,388 Restricted Stock Units, reflecting ongoing equity-based compensation as President and Chief Operating Officer.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 81,473 | $0.00 | -- |
| Exercise | Common Stock | 81,473 | $0.00 | -- |
| Tax Withholding | Common Stock | 29,452 | $2.46 | $72K |
Footnotes (1)
- On January 4, 2024, the reporting person was granted an award of 162,946 Restricted Stock Units, which vested in equal installments on the first and second anniversaries of the grant date. Restricted Stock Units convert into common stock on a one-for-one basis. Of the 81,473 Restricted Stock Units that vested, 29,452 were withheld and disposed of for taxes.
FAQ
What insider transaction did Xerox (XRX) officer Louis Pastor report on this Form 4?
Louis Pastor, President and Chief Operating Officer of Xerox Holdings Corporation, reported the vesting and settlement of 81,473 Restricted Stock Units on January 4, 2026, which were converted into the same number of shares of common stock.
What was the original restricted stock unit grant reported by Louis Pastor at Xerox (XRX)?
The filing explains that on January 4, 2024, Louis Pastor received an award of 162,946 Restricted Stock Units, which vested in equal installments on the first and second anniversaries of the grant date.
What do the transaction codes M and F mean in Louis Pastor’s Xerox Form 4?
In the filing, code M reflects the conversion of 81,473 Restricted Stock Units into common stock, while code F indicates that 29,452 shares were withheld and disposed of to cover tax withholding related to the vesting.
At what conversion ratio do Xerox Restricted Stock Units turn into common stock in this Form 4?
The footnotes state that the Restricted Stock Units convert into common stock on a one-for-one basis, meaning each unit delivers one share of Xerox common stock upon vesting.