Erwin Tami A. 4

What Happened

• Erwin Tami, a director of Xerox Holdings Corp (XRX), was granted 87,209 Deferred Stock Units (DSUs) on May 20, 2026. The award was recorded at $0.00 per unit (a compensation grant, not a cash purchase). DSUs represent the right to receive one share of common stock upon the director’s termination of service or death, subject to any applicable deferral and vesting rules.

Key Details

• Transaction date and type: 2026-05-20 — Grant/Award (code A) of 87,209 DSUs at $0.00.
• Filing date: Form 4 filed 2026-05-22 (two days after the transaction), which is within the Form 4 two-business-day filing requirement.
• Vesting: The DSUs will vest on May 20, 2027 (per filing footnote).
• Dividend equivalents: The DSU balance was adjusted to reflect an additional 2,509 DSUs awarded from dividend equivalents.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context

• DSUs are a form of deferred director compensation; they do not represent immediately tradable shares. They convert to common stock (one share per DSU) when the director leaves service or upon death, subject to vesting/deferral rules. This grant is typical for non-employee director pay and should be viewed as compensation rather than an open-market purchase or sale.