Xerox Holdings Corp CEO Steven John Bandrowczak reported routine equity compensation activity on March 11, 2026. Restricted Stock Units vested and were converted into common stock, including 275,734 units from a May 2025 grant and 112,614 units from a March 2024 grant, each on a one-for-one basis.
To cover tax obligations, 145,637 shares of common stock were withheld and disposed of at $1.75 per share, which is a tax-withholding mechanism rather than an open-market sale. Following these transactions, Bandrowczak directly holds 741,852 shares of Xerox common stock.
Xerox Holdings Corp executive Flor Colon reported compensation-related stock activity involving restricted stock units (RSUs) and common shares. On March 11, 2026, 48,374 RSUs from a May 21, 2025 grant and 9,484 RSUs from a March 11, 2024 grant vested, each RSU converting into one share of common stock.
To cover tax obligations, 19,223 and 3,922 of the resulting common shares were withheld and disposed of at $1.75 per share, a non‑market tax-withholding mechanism rather than an open‑market sale. Following these transactions, Colon directly held 51,946 shares of common stock and 134,703 RSUs, indicating a continued substantial equity stake.
Xerox Holdings Corp officer William Twomey reported RSU vesting and related tax withholding. On March 11, 2026, 19,350 Restricted Stock Units from a prior award converted into the same number of Xerox common shares on a one-for-one basis.
Of these 19,350 vested units, 9,354 shares of common stock were withheld and disposed of at $1.75 per share to cover tax obligations, leaving Twomey with 9,996 common shares held directly after the transactions. The original May 21, 2025 award was for 58,056 RSUs, with one-third vesting on March 11, 2026 and the remaining 38,706 vesting equally over the following eight quarters.
Xerox Holdings Corporation entered into a new joint venture with investors led by TPG to monetize certain Xerox intellectual property, including the Xerox trademarks. The structure combines $405,000,000 of senior secured term loans and $45,000,000 of Class A Units issued by XRX Brandco Holdings LLC, with proceeds distributed to Xerox.
The company plans to use this $450,000,000 of financing for general corporate purposes such as augmenting liquidity, accelerating its Reinvention strategy and Lexmark integration, and potentially redeeming or repaying debt. Xerox contributed specified IP into the joint venture in exchange for equity and then licensed the IP back under a Shared Services and License Agreement.
Under that agreement, Xerox and selected subsidiaries retain worldwide, royalty-bearing rights to use the contributed IP, paying IPCo a 2.0% royalty on specified consolidated revenue. The term loans carry interest at a base rate plus 7.125% or term SOFR plus 8.125%, amortize at 4.50% per year, and mature five years after closing.
Xerox Holdings Corp’s shareholder disclosure shows that the DD Revocable Trust now reports beneficial ownership of 15,283,657 Xerox common shares, including 6,741,572 shares issuable upon conversion of 180,000 shares of Series A Preferred Stock. This position represents approximately 9.11% of the company’s outstanding common stock.
The change follows the passing of Darwin Deason on December 2, 2025, after which his Xerox holdings were transferred to the Trust under his will. A court issued Letters Testamentary on February 6, 2026, appointing Douglas R. Deason, Scott Letier, and Bryan C. Birkland as co-executors, giving them fiduciary voting and dispositive power over the Trust’s shares.
The Trust holds the stake for investment and estate administration purposes and may buy additional shares, sell shares in the market or privately, or distribute shares to beneficiaries. The filing states the executors currently have no specific plans for major corporate actions such as mergers, restructurings, or control changes at Xerox.
Xerox Holdings Corp. received a Schedule 13G reporting that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC beneficially own 9,727,573.90 shares of Xerox common stock, representing 7.7% of the outstanding class as of 12/31/2025.
The filing shows no sole voting or dispositive power, but shared voting power over 9,727,095.90 shares and shared dispositive power over 9,727,205.90 shares. The reporting parties certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Xerox.
Xerox Holdings Corporation is registering up to $750,000,000 of common stock to be issued upon exercise of newly distributed warrants. The company has completed a pro rata distribution of warrants to holders of its common stock, 3.75% Convertible Senior Notes due 2030, and Series A Convertible Perpetual Voting Preferred Stock as of February 9, 2026, at a rate of one warrant for every two common shares.
Each warrant allows the holder to buy one Xerox share at an exercise price of $8.00 per share, payable in cash or, for a period, by delivering specified Xerox debt securities. The warrants are expected to trade on Nasdaq under the symbol XRXDW and will generally expire on February 11, 2028, with provisions for early expiration and for ending the debt-settlement option if the share price meets volume-weighted average price conditions. A legal opinion also covers issuance of shares upon exercise of 77,271,234 warrants and up to 5,192,626 additional shares to B. Dyson Capital Advisors or its affiliates as compensation for advisory services related to the distribution.
Xerox Holdings Corporation is registering up to 82,463,860 shares of common stock tied to a new warrant distribution and advisor compensation. This includes 77,271,234 Warrant Shares issuable upon exercise of transferable warrants and 5,192,626 Advisor Shares to be issued as fees to a financial advisor.
One warrant was distributed for every two common shares held on February 9, 2026, with additional warrants passed through to certain note and preferred holders. Each warrant allows purchase of one share at a $8.00 exercise price in cash or by surrendering specified outstanding notes, potentially raising about $615 million in cash if fully exercised or reducing debt if notes are used. If all Warrant Shares and Advisor Shares are issued, common shares outstanding would rise to 211,061,812, an increase of about 64%, and the warrants may expire early if price conditions are met.
Xerox Holdings Corporation officer Colon Flor reported equity compensation activity. On February 4, 2026, Flor acquired 2,456 shares of common stock at $0 per share after the Compensation Committee determined performance conditions were met for performance share units granted on January 18, 2023.
Of these vested performance share units, 1,016 shares were withheld and disposed of at $2.29 per share to cover taxes. After these transactions, Flor directly owned 17,233 shares of Xerox common stock.