Gueden Jacques-Edouard 4

What Happened

• Jacques-Edouard Gueden, Chief Revenue Officer of Xerox Holdings (XRX), had restricted stock units (RSUs) convert into common shares on March 11, 2026. A total of 79,292 RSUs vested and converted to the same number of shares (53,212 from a May 21, 2025 grant and 26,080 from a March 11, 2024 grant).
• Of those vested shares, 44,404 were withheld/disposed to satisfy tax withholding (29,799 and 14,605 shares respectively), with the withheld shares recorded at $1.75 each for a total tax withholding of $77,707. The remaining ~34,888 shares were retained by the reporting person.
• These transactions are conversion/vesting events (derivative conversion/exercise code M) and share-withholding for taxes (code F), not open-market purchases or discretionary sales.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely).
• Conversion details: 53,212 RSUs (one-third of a 159,652 RSU grant dated May 21, 2025) and 26,080 RSUs (one vesting installment from a 78,246 RSU grant dated March 11, 2024) converted to common stock.
• Tax withholding: 29,799 shares and 14,605 shares withheld at $1.75/share = $52,148 and $25,559, respectively (total $77,707).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price/tax liability (share withholding).
• Notes: These were vesting/conversion events per grant terms (see footnotes), not open-market sales or purchases.

Context

• This is a routine vesting and sell-to-cover tax withholding rather than a discretionary sale or purchase — common when RSUs vest and companies withhold shares to pay taxes.
• For retail investors, vesting events do not necessarily indicate the insider's view of the company; they reflect compensation schedule terms.