Xerox Executives Grant Themselves (free) Shares in Order to Pay Off Taxes.

[jim]

XEROX EXECUTIVES AWARD THEMSELVES STOCK: Forget the office supply closet—at Xerox, the latest executive perk comes with its own built-in tax collection system. CEO Louis Pastor had 19,655 RSUs vest, with 6,160 shares worth approximately $21,129 withheld for taxes; Chief Revenue Officer Jacques-Edouard Gueden had 13,305 RSUs vest, with 7,451 shares worth approximately $25,557 withheld; and Chief Accounting Officer William Twomey had 4,839 RSUs vest, with 2,083 shares worth approximately $7,145 withheld. The three executives therefore had approximately $53,830 worth of Xerox stock withheld for taxes. Technically, these were RSU vesting and tax-withholding transactions—not executives dumping shares on the open market—but the optics make for an irresistible Xerox punchline: the company awards executives stock, the stock vests, and then part of that stock disappears to pay the executives’ tax bills. Xerox’s filings show the shares were withheld to satisfy tax obligations, so this isn’t the same thing as an executive choosing to sell shares in the market. Still, shareholders can certainly look at the numbers and ask questions about executive equity compensation while Xerox continues navigating its broader financial challenges. Nothing says executive compensation quite like getting paid in Xerox shares and then using Xerox shares to settle the tax bill.

[Author]

September 16, 2026 at 10:05 AM