Hoover Stephen Patrick 4
4 · XEROX CORP · Filed Jan 16, 2019
Insider Transaction Report
Form 4
XEROX CORPXRX
Hoover Stephen Patrick
Senior Vice President
Transactions
- Award
Restricted Stock Units
2019-01-14+8,517→ 32,590 total - Award
Restricted Stock Units
2019-01-14+13,453→ 46,043 total
Footnotes (2)
- [F1]On April 6, 2018, the Compensation Committee of the Board of Directors (the "Committee") granted 2018 performance share awards under the Issuer's E-LTIP program. Because of the then-pending Fujifilm transaction and other factors, the Committee determined to establish performance goals for 2018 for one-third of the awarded target shares but to defer establishing vesting conditions for the balance of the awards until a later date. The Committee has determined that, effective January 14, 2019, the balance of the awards will be subject to service-based vesting conditions and will pay out at target. The serviced-based portion of the awards are being reported on this Form 4. These awards will vest in full on April 6, 2021.
- [F2]This award of restricted stock units vests in three installments of 25%, 25% and 50% on the first, second and third anniversaries of the date of grant, January 14, 2019.