Twomey William 4

What Happened

• William Twomey, Chief Accounting Officer at Xerox Holdings (XRX), had 19,350 restricted stock units (RSUs) vest on March 11, 2026. The RSUs converted into common shares on a one-for-one basis.
• Of the 19,350 vested shares, 9,354 shares were withheld/disposed to satisfy tax withholding obligations, valued at $1.75 per share for a total tax liability of $16,370. The net shares delivered to Twomey were 9,996.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely).
• Reported actions: M = conversion/exercise of derivative (RSU conversion) for 19,350 shares; F = tax withholding of 9,354 shares at $1.75 each ($16,370).
• Net shares received by insider from the vesting: 9,996 (19,350 vested − 9,354 withheld).
• Footnotes: RSU grant of 58,056 awarded May 21, 2025; vests in nine installments with one-third (≈19,350) vesting March 11, 2026; RSUs convert 1-for-1 into common stock.
• Filing timeliness: Not marked late; filed within the normal Form 4 window.

Context

• This was a routine RSU vesting event, not an open-market purchase or sale. The withholding is a common practice to cover tax liabilities and does not necessarily signal a change in insider sentiment.
• For derivative transactions: here “M” reflects conversion/settlement of RSUs into shares, and “F” reflects shares withheld for taxes (not an open-market sale).