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.
Xerox Holdings Corp executive Jacques-Edouard Gueden reported an acquisition of 550,562 Restricted Stock Units as equity compensation. These units were recorded at a price of $0.00 per unit and increase his directly held equity-based awards to 683,089 units after the transaction.
According to the award terms, one-third of the RSUs (33.33%) will vest on March 11, 2027, with the remaining units vesting in equal installments over the following eight quarters. This structure ties a significant portion of his compensation to the company’s future performance and continued service over multiple years.
Xerox Holdings Corp director Edward Grunde McLaughlin reported an equity compensation event. He acquired 87,209 Restricted Stock Units (RSUs), leaving him with 87,209 RSUs reported as of this filing. A footnote explains these RSUs were granted on May 21, 2026 and are scheduled to vest on May 21, 2027.
The filing also notes that 42,134 RSUs vested into 42,134 shares of Common Stock on May 21, 2026. These transactions reflect stock-based compensation rather than open-market buying or selling.
Schwetz Amy B reported acquisition or exercise transactions in this Form 4 filing.
Xerox Holdings Corp director Amy B. Schwetz received a grant of Deferred Stock Units (DSUs). She was awarded 87,209 DSUs at no cash cost, bringing her direct DSU balance to 105,802 units. Each DSU represents the right to receive one share of common stock after she leaves the board or upon her death, subject to any elected deferral period. The DSUs will vest on May 20, 2027, meaning they must be earned over time before settlement. Her balance also reflects 2,441 DSUs credited from dividend equivalents on previously held DSUs, which reinvest dividends into additional deferred units.
PASTOR LOUIS reported acquisition or exercise transactions in this Form 4 filing.
Xerox Holdings Corp director and officer Louis Pastor reported receiving a grant of restricted stock units. The award covers 1,348,315 restricted stock units at no cash cost, increasing his directly held equity-based units to 1,532,829 after the transaction.
The grant vests over time, with one-third vesting on March 11, 2027, and the remaining two-thirds vesting in equal installments over the following eight quarters. This structure ties the value of the award to Pastor’s continued service and Xerox’s future share performance.
STARTEEPO Invest and Frantisek Bostl report beneficial ownership of 6,740,000 Xerox common shares, representing 5.15% of the outstanding common stock. This includes 5,200,000 shares held by STARTEEPO Invest and 1,540,000 shares attributable directly to Mr. Bostl.
The securities were acquired for an aggregate purchase price of $14,226,032, funded by the Fund’s working capital and Mr. Bostl’s personal funds. The position includes 140,000 shares underlying call options held by Mr. Bostl. The investors state they hold the shares for investment and may from time to time discuss Xerox’s business, strategy, board composition and future plans with management and other shareholders, and may buy or sell additional shares or enter into derivatives, depending on market conditions and other factors.
XEROX HOLDINGS CORP ownership disclosure: The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report shared beneficial ownership of 5,852,370.64 shares of Xerox common stock, representing 4.5% as reported for the period ending 03/31/2026. The filing is a joint Schedule 13G/A (Amendment No. 1) executed under a joint filing agreement dated 04/24/2026.
Xerox Holdings Corporation reported higher first-quarter 2026 revenue but remained unprofitable. Total revenue rose to $1,846 million from $1,457 million, driven by both equipment sales and services. However, higher costs, including $45 million of restructuring and $30 million of intangible amortization, led to a net loss of $105 million, compared with a $90 million loss a year earlier. Basic and diluted loss per share widened to $(0.84) from $(0.75).
Operating cash flow was negative at $(144) million, versus $(89) million in the prior year, although cash and cash equivalents increased to $585 million from $512 million, helped by new financing. The company completed a $450 million joint venture financing secured by Xerox intellectual property, receiving $404 million of net proceeds, and used part of its flexibility to repurchase about $101 million of 5.50% senior notes for approximately $45 million, recording a $56 million gain on early extinguishment of debt. Total long-term debt rose to $4,281 million from $4,016 million. Segment profit improved, with Print and Other and IT Solutions together generating $93 million of segment profit versus $46 million a year earlier, even as comprehensive loss deepened due to unfavorable currency translation.
Xerox Holdings Corporation reported first-quarter 2026 revenue of $1.85 billion, up 26.7% year-over-year, helped by the Lexmark acquisition and stronger print activity. Despite this growth, the company posted a GAAP net loss of $105 million, or $0.84 per share, as higher amortization, restructuring and transformation costs weighed on results.
On a non-GAAP basis, adjusted net loss was $51 million, or $0.43 per share, while adjusted operating income rose to $72 million and adjusted operating margin improved to 3.9% from 1.5%, reflecting cost savings and Lexmark synergies. Free cash flow was negative $165 million due to seasonal working capital and investment needs.
Management highlighted strategic milestones including Lexmark integration progress, a stronger print sales pipeline, 31% growth in production installs, and double-digit growth in IT Solutions bookings and billings. Xerox raised $450 million via an IP joint venture with TPG Angelo Gordon and repurchased $101 million of 2028 Senior Notes. The company reaffirmed its 2026 outlook for revenue above $7.5 billion, adjusted operating income of $450–$500 million, and approximately $250 million of free cash flow.
DD Revocable Trust has disclosed a large ownership stake in Xerox Holdings Corporation. The trust reports beneficial ownership of 15,283,672 Xerox common shares, equal to 11.29% of the company, including both existing common stock and shares issuable from preferred stock.
The position consists of 8,542,096 common shares and 6,741,576 shares issuable upon conversion of 180,000 shares of Series A Convertible Perpetual Voting Preferred Stock. These securities passed to the trust under the will of Darwin Deason, and three executors now oversee the holdings for investment and eventual distribution to beneficiaries.
The trust also received 7,641,828 warrants to buy additional Xerox shares at an exercise price of $8.00 per warrant, expiring on February 11, 2028, which are currently excluded from the reported 11.29% stake. If exercised, total beneficial ownership would rise to 22,925,500 shares, or 16.03% of Xerox’s outstanding shares under SEC calculation rules.