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Director at Xerox (XRX) receives 87,209 deferred stock units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Maynard-Elliott Nichelle reported acquisition or exercise transactions in this Form 4 filing.

Xerox Holdings Corp director Nichelle Maynard-Elliott received a grant of 87,209 Deferred Stock Units as equity compensation. The award was recorded at a price of $0.00 per unit and increased her direct holdings to 220,765 Deferred Stock Units.

Each Deferred Stock Unit represents the right to receive one share of Xerox common stock after her termination of service as a director or death, subject to any applicable deferral period. The units from this award will vest on May 20, 2027. The reported balance also reflects 5,362 additional units credited as dividend equivalents on existing Deferred Stock Units.

Positive

  • None.

Negative

  • None.
Insider Maynard-Elliott Nichelle
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 87,209 $0.00 --
Holdings After Transaction: Deferred Stock Units — 220,765 shares (Direct, null)
Footnotes (1)
  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 5,362 DSUs awarded from dividend equivalents attributable to DSUs held as of the relevant record dates.
Deferred Stock Units granted 87,209 units Equity award on May 20, 2026
Total DSUs after transaction 220,765 units Director’s direct holdings following grant
Grant price per unit $0.00 per unit Recorded transaction price for DSU award
Vesting date May 20, 2027 Vesting of newly awarded Deferred Stock Units
Dividend equivalent DSUs 5,362 units Added to balance from dividend equivalents
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.
vesting financial
"The DSUs will vest on May 20, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
termination of service as a director financial
"upon the reporting person's termination of service as a director or death"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Maynard-Elliott Nichelle
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Deferred Stock Units(1)05/20/2026A87,209(2)A$0220,765(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 5,362 DSUs awarded from dividend equivalents attributable to DSUs held as of the relevant record dates.
/s/ Eric Risi, as attorney-in-fact05/22/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Xerox (XRX) report for Nichelle Maynard-Elliott?

Xerox reported that director Nichelle Maynard-Elliott received 87,209 Deferred Stock Units as an equity award. These units increase her total Deferred Stock Unit holdings to 220,765, reflecting routine director compensation rather than an open-market stock purchase.

How many Xerox Deferred Stock Units does Nichelle Maynard-Elliott hold after this Form 4?

After the reported grant, Nichelle Maynard-Elliott directly holds 220,765 Deferred Stock Units. This balance includes the new 87,209-unit award and 5,362 additional units credited as dividend equivalents on existing Deferred Stock Units over relevant record dates.

When do Nichelle Maynard-Elliott’s new Xerox Deferred Stock Units vest?

The newly awarded Xerox Deferred Stock Units granted to Nichelle Maynard-Elliott will vest on May 20, 2027. Vesting means she earns the right to the underlying stock units, which are ultimately settled in common shares under specified conditions.

What does each Xerox Deferred Stock Unit represent for Nichelle Maynard-Elliott?

Each Deferred Stock Unit represents the right to receive one share of Xerox common stock. Delivery occurs after Nichelle Maynard-Elliott’s termination of service as a director or death, subject to any applicable deferral period chosen under the company’s plan.

Were dividend equivalents included in Nichelle Maynard-Elliott’s Xerox Deferred Stock Unit balance?

Yes. The reported Deferred Stock Unit balance was adjusted to include 5,362 additional units. These came from dividend equivalents credited on Deferred Stock Units that she already held as of the relevant dividend record dates, increasing her total DSU holdings.