Xerox (XRX) CEO Louis Pastor Converts RSUs; Shares Withheld for Taxes

What Happened
Louis Pastor, Chief Executive Officer of Xerox Holdings Corp (XRX), reported the conversion of 19,655 restricted stock units (RSUs) into common shares on 2026-09-11. The RSUs converted on a one-for-one basis (no exercise price). To satisfy tax withholding, 6,160 of those shares were disposed/withheld at $3.43 per share, generating $21,129. The remaining net shares received by Pastor from this vesting event were 13,495.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (timely filing).
• Primary actions reported: conversion/exercise of 19,655 RSUs (derivative conversion) and disposition/withholding of 6,160 shares for taxes (code F).
• Withheld shares price and amount: 6,160 shares × $3.43 = $21,129 (used to satisfy tax liability).
• Net shares acquired from this vesting: 13,495 (19,655 converted − 6,160 withheld).
• Related grant: Pastor was awarded 235,850 RSUs on 2025-05-21 that vest in installments (footnote), and RSUs convert 1:1 to common stock.
• Filing notes: Remarks identify Pastor as Chief Executive Officer. The filing does not state total shares owned after the transaction.

Context

• This was a standard RSU vesting event with share withholding to cover taxes (a routine, non-market directional action). The RSUs converted at no exercise price; only the withheld shares were disposed to meet tax obligations.
• Such withholding/sell-to-cover transactions are common and do not necessarily indicate buying or selling intent beyond fulfilling tax liabilities.