Xerox (XRX) CLO Colon Flor Converts RSUs; Withholds 4,361 Shares

What Happened Colon Flor, Chief Legal Officer and Corporate Secretary of Xerox Holdings (XRX), had 12,096 Restricted Stock Units (RSUs convert into common stock 1:1) convert into 12,096 shares on 2026-06-11. Of those, 4,361 shares were withheld and disposed to cover tax withholding at $3.47/share, generating $15,133. The net shares added to Colon Flor’s holdings were 7,735 shares (12,096 converted − 4,361 withheld). This was not an open-market sale or purchase by the insider but a routine RSU vesting and tax-withholding event.

Key Details

• Transaction date: 2026-06-11; Form 4 filed 2026-06-15 (filed on the second business day after the transaction, timely).
• Actions reported: M = exercise/conversion of derivative (conversion of RSUs into common stock); F = shares withheld/disposed to cover taxes.
• Shares converted: 12,096 RSUs → 12,096 common shares (1:1 conversion per filing).
• Shares withheld/sold for taxes: 4,361 shares at $3.47/share, totaling $15,133.
• Net shares received: 7,735 shares.
• Shares owned after transaction: not specified in the excerpt of the filing.
• Relevant footnotes: RSU award was granted on 2025-05-21 (145,138 RSUs total) with staged vesting; these vested RSUs converted into common stock and a portion was withheld for taxes.

Context This was a vesting/conversion of RSUs, not a market buy or sell indicating a trading decision. Withholding a portion of vested RSUs to cover taxes is a common, administrative action (similar to a cashless exercise). No late filing was indicated.