Colon Flor 4
Research Summary
AI-generated summary
Xerox (XRX) CLO Flor Exercises RSUs, Withholds 922 Shares
What Happened
Colon Flor, Chief Legal Officer and Corporate Secretary of Xerox Holdings Corp (XRX), had 2,228 restricted stock units (RSUs) vest and convert into 2,228 common shares on January 18, 2026. Of those shares, 922 were withheld and disposed to cover tax withholding obligations, resulting in proceeds of $2,508 (922 shares × $2.72). The RSU conversion is a non‑purchase event (not a market buy) and the withholding is a routine tax settlement.
Key Details
- Transaction date: January 18, 2026; Form 4 filed January 21, 2026. The filing does not indicate a late filing code.
- Conversion/exercise: 2,228 RSUs converted to 2,228 shares (SEC code M = exercise/conversion of a derivative). Reported acquisition and corresponding disposition used for tax withholding.
- Tax withholding: 922 shares withheld and disposed at $2.72 per share, totaling $2,508 (SEC code F = payment of exercise price or tax liability).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: The RSUs were originally granted on January 18, 2023 (6,552 RSUs total) vesting in three annual installments; RSUs convert 1:1 to common stock; 2,228 RSUs vested on this anniversary and 922 were withheld for taxes.
Context
RSU vesting and share withholding for taxes is a common, administrative insider transaction and does not by itself signal a buy or sell decision in the open market. This was a conversion of vested RSUs to shares with a portion withheld to satisfy tax obligations — not an open‑market sale or new cash purchase.