PASTOR LOUIS 4
Research Summary
AI-generated summary
Xerox (XRX) CEO Louis Pastor Exercises RSUs, Withholds Shares for Taxes
What Happened
Louis Pastor, Chief Executive Officer of Xerox Holdings (XRX), had 19,655 restricted stock units (RSUs convert 1-for-1 into common shares) vest/convert into common stock on June 11, 2026. Of those shares, 6,160 were withheld and disposed of to cover tax withholding at $3.47 per share, totaling about $21,375. The remaining 13,495 shares were delivered to Pastor. There was no cash exercise price for these RSUs (conversion is 1:1).
Key Details
- Transaction date: June 11, 2026. Form filed June 15, 2026 (file appears after the typical 2-business-day window).
- Transaction types/codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding/disposition.
- Shares acquired: 19,655 shares converted; 13,495 shares delivered to Pastor after withholding.
- Shares withheld/disposed for taxes: 6,160 shares at $3.47 each = $21,375.
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes: Award granted May 21, 2025 of 235,850 RSUs vesting in installments (one-third vested March 11, 2026; remainder over next eight quarters); RSUs convert 1-for-1; 6,160 of the 19,655 vested RSUs were withheld for taxes.
- Role/remark in filing: Chief Executive Officer.
Context
This was an RSU vesting/conversion with a routine sell-to-cover (tax withholding) rather than an open-market sale; such withholding to satisfy tax obligations is common and doesn’t necessarily signal a view on the company’s outlook. For retail investors, purchases are typically more informative about insider confidence; this filing documents compensation vesting and tax-related withholding.