ROESE JOHN 4

What Happened
John Roese, a director of Xerox Holdings Corp (XRX), was granted 87,209 Deferred Stock Units (DSUs) on May 20, 2026. The award is reported as an acquisition (award/grant) with a reported price/value of $0. These DSUs do not convert to shares immediately; they represent the right to receive one share per DSU upon Mr. Roese’s termination of service as a director or death, subject to any applicable deferral.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (appears timely within the standard 2-business-day reporting window).
• Transaction type/code: Award/Grant (A). Quantity: 87,209 DSUs. Reported acquisition value: $0.
• Vesting: DSUs will vest on May 20, 2027 (footnote).
• Dividend equivalents: Balance was adjusted to reflect 2,941 additional DSUs awarded as dividend equivalents.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing notes: No 10b5-1 plan, tax withholding sale, or late-filing notation included in the provided details.

Context
DSUs are a deferred-compensation vehicle: they track the value of shares but typically convert to actual shares (or cash equivalent) only upon a director’s departure or death, so this award does not represent an immediate open-market purchase or sale. Awards to non-employee directors are common as compensation and should be viewed as routine grants unless accompanied by unusual size or timing; the filing here is informational and does not by itself indicate a change in insider sentiment.