Colon Flor 4

What Happened
Colon Flor, Chief Legal Officer and Corporate Secretary of Xerox Holdings Corp (XRX), had restricted stock units (RSUs) vest on March 11, 2026. Two prior RSU grants converted to a total of 57,858 shares (48,374 from a May 21, 2025 grant and 9,484 from a March 11, 2024 grant). To satisfy tax withholding, 23,145 shares were withheld/disposed (19,223 and 3,922 shares, respectively) at $1.75 per share for a total withholding value of $40,504. After withholding, Flor retained 34,713 shares. This was RSU vesting (an award conversion), not an open-market purchase or discretionary sale.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely within the two-business-day window).
• Shares that vested/converted: 57,858 total (48,374 + 9,484).
• Shares withheld/disposed for taxes: 23,145 total (19,223 + 3,922) at $1.75/share, total ~$40,504.
• Net shares retained after withholding: 34,713.
• Footnotes: Grants — 145,138 RSUs awarded May 21, 2025 (one-third vested Mar 11, 2026; remainder vests over 8 quarters) and 28,453 RSUs awarded Mar 11, 2024 (vesting in thirds). RSUs convert 1:1 to common stock.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion), F = payment of tax liability via share withholding.
• The filing does not disclose total shares owned by Flor after the transaction beyond the net retained from these vested RSUs.

Context: RSU vesting converts awards into company stock without the holder paying an exercise price; withholding some shares to cover taxes is a routine, administrative step (often called a cashless or sell-to-cover action). These transactions reflect standard compensation vesting and tax withholding rather than an intentional open-market purchase or sale indicating a change in investment view.