Corporate GovernanceJul 2, 2026, 04:14 PM
Xerox Approves 2026-2028 Transformation Retention Plan
AI Summary
Xerox Holdings Corporation has approved the 2026–2028 Transformation Retention Award Plan, effective July 1, 2026. This limited-duration, cash-based program aims to retain critical talent, including executive officers (excluding the CEO and CFO), senior leaders, and other employees, during the company's multi-year transformation. Awards will vest in eight equal quarterly installments over a two-year period, with payments made within 30 days of vesting, and generally forfeited upon termination, though accelerated vesting is possible in a Change in Control event.
Key Highlights
- Approved Xerox 2026-2028 Transformation Retention Award Plan.
- Effective July 1, 2026, to retain critical talent.
- Targets executive officers (excl. CEO/CFO), senior leaders, key employees.
- Awards are cash-based, fixed dollar, or percentage of salary/bonus.
- Vests in 8 equal quarterly installments over two years.
- Payments made within 30 days of each quarterly vesting.
- Unvested awards generally forfeited upon employment termination.
- Accelerated vesting possible with Change in Control.
Price Impact
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