Colon Flor 4
Research Summary
AI-generated summary
Xerox (XRX) Chief Legal Officer Colon Flor Receives Award
What Happened
Colon Flor, Chief Legal Officer and Corporate Secretary of Xerox Holdings Corp (XRX), received 2,456 shares on February 4, 2026 when performance share awards vested. Of those vested PSUs, 1,016 shares were withheld and disposed to cover tax withholding at a reported price of $2.29 per share (total withheld value $2,327). The awards were recorded as acquired at $0.00 (award/vesting), leaving a net of 1,440 shares issued to Colon Flor after withholding.
Key Details
- Transaction date: February 4, 2026. Filing date: February 6, 2026 (timely filing).
- Awarded (A): 2,456 performance share units vested at $0.00 acquisition value.
- Tax withholding (F): 1,016 shares disposed at $2.29 each for $2,327 to satisfy tax obligations.
- Net shares retained by insider after withholding: 1,440 shares.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 notes vesting occurred after the Compensation Committee determined performance conditions were met for PSUs granted Jan 18, 2023; F2 confirms 1,016 of the vested PSUs were withheld and disposed for taxes.
Context
This was a routine vesting of performance-based equity (PSUs) rather than an open-market buy or discretionary sale. The withholding and disposal of shares to cover taxes is a common administrative step and does not, by itself, indicate a change in the insider’s market view.