Gueden Jacques-Edouard 4
Research Summary
AI-generated summary
Xerox (XRX) CRO Jacques-Edouard Gueden Receives Award; Withholds Shares
What Happened
Jacques-Edouard Gueden, Chief Revenue Officer of Xerox Holdings Corp (XRX), was credited with 12,499 performance share units (PSUs) that vested on Feb 4, 2026 (reported as an award/acquisition). Of those vested shares, 7,000 were withheld and disposed of to satisfy tax withholding, resulting in proceeds of $16,030 (7,000 shares @ $2.29). The award shares were recorded at $0 acquisition price as compensation.
Key Details
- Transaction date: 2026-02-04; Form filed: 2026-02-06 (appears timely).
- Award: 12,499 PSUs vested and were acquired (code A) at $0.00.
- Tax withholding: 7,000 shares were withheld/disposed for taxes (code F) at $2.29 each for $16,030.
- Footnotes: Committee determined performance conditions were met for PSUs granted Jan 18, 2023; 7,000 of the vested 12,499 PSUs were withheld/disposed to cover taxes.
- Shares owned after transaction: Not disclosed on this Form 4.
Context
This was a compensation-related vesting of performance shares, not an open-market purchase or a discretionary sale. The withholding/disposal of shares to cover taxes is routine administrative action and does not necessarily indicate the insider’s market view.