Xerox Holdings Executive Compensation (FY25)

Name: Xerox Holdings (XRX) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

XRX · Norwalk, CT · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): May 27, 2026

11 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

Xerox Holdings brief$1,500Get the executive brief

212 figures on this page: 205 cited to the filing that reported them, 7 calculated from figures it prints. See the citations

Chief executive, fiscal 2025

◇

Steven Bandrowczak

Median of the other named officers

$2,589,351

7 officers, excluding the chief executive

Latest say-on-pay support

May 20, 2026

Chief executive pay ratio

◇

To the median employee

What changed from fiscal 2024 to fiscal 2025

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — Steven Bandrowczak: $14,320,642 → $12,581,826 (12.1% lower)

Say-on-pay support: 94.3% → 91.9% (2.4 points lower)

CEO pay ratio: 260:1 → 218:1 (16.2% lower)

Frequently asked questions

Answers drawn from the data on this page.

Who is Xerox Holdings' chief executive and what were they paid?

Steven Bandrowczak, Chief Executive Officer, received $12,581,826 in total compensation for fiscal 2025. Compared with the $14,320,642 reported for fiscal 2024, Bandrowczak's total was 12.1% lower.

What was Xerox Holdings' say-on-pay result?

For fiscal 2025, shareholders backed the say-on-pay proposal with 91.9% of votes cast for or against in favor at the meeting held May 20, 2026.

Which companies are in Xerox Holdings' peer group?

The disclosed peer group includes CDW Corporation, CGI Inc., Ciena Corporation, CommScope Holding Company, Inc. and DXC Technology Company, among others.

What is Xerox Holdings' chief executive pay ratio?

The company reported a chief executive pay ratio of 218:1 for fiscal 2025, against median employee compensation of $57,753.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Giovanni Visentin Former Vice Chairman and Chief Executive Officer Departed during or after this year	◇	—	◇	—	◇	—	◇	◇
Steven Bandrowczak Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Xavier Heiss Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
John Bruno President and Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Louis Pastor Executive Vice President, Chief Corporate Development Officers and Chief Legal Officer	◇	—	◇	—	◇	—	◇	◇
Joanne Collins Smee Executive Vice President and President, Americas	◇	—	◇	—	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Steven Bandrowczak Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
John Bruno President and Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Louis Pastor Executive Vice President, Chief Transformation and Administrative Officer	◇	—	◇	—	◇	—	◇	◇
Xavier Heiss Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	◇	◇	◇
Jacques-Edouard Gueden Executive Vice President, Chief Channel and Partner Officer	◇	—	◇	—	◇	◇	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Steven Bandrowczak Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
John Bruno President and Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Louis Pastor President and Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Jacques-Edouard Gueden Executive Vice President, Chief Revenue Officer	◇	—	◇	—	—	—	◇	◇
Mirlanda Gecaj Executive Vice President, Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Charles Butler Executive Vice President, Chief Financial Officer	◇	—	—	—	◇	◇	◇	◇
Flor Colon Executive Vice President, Chief Legal Officer and Corporate Secretary	◇	—	◇	—	—	—	◇	◇
Xavier Heiss Executive Vice President, Chief Financial Officer	◇	—	—	—	—	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Flor M. Col	RSU	◇	—	—	◇	—	—	◇
Jacques-Edouard Gueden	RSU	◇	—	—	◇	—	—	◇
Jacques-Edouard Gueden	PSU	◇	—	—	◇	—	—	◇
John Bruno	PSU	◇	—	—	◇	—	—	◇
John Bruno	RSU	◇	—	—	◇	—	—	◇
Louis J. Pastor	RSU	◇	—	—	◇	—	—	◇
Louis J. Pastor	PSU	◇	—	—	◇	—	—	◇
Mirlanda Gecaj	PSU	◇	—	—	◇	—	—	◇
Mirlanda Gecaj	RSU	◇	—	—	◇	—	—	◇
Steven J. Bandrowczak	RSU	◇	—	—	◇	—	—	◇
Steven J. Bandrowczak	PSU	◇	—	—	◇	—	—	◇

Fiscal 2022, 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Xavier Heiss	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Steven Bandrowczak	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Jacques-Edouard Gueden	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Mirlanda Gecaj	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
John Bruno	RSU	◇	◇	—	—
Louis Pastor	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Flor Colón	RSU	◇	◇	—	—
	PSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Mirlanda Gecaj

Executive Vice President, Chief Financial Officer · Severance agreement

Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Scott Letier Board chair	◇	◇	—	—	—	—	◇
Amy Schwetz	◇	◇	—	—	—	—	◇
John J. Roese	◇	◇	—	—	—	—	◇
Nichelle Maynard-Elliott	◇	◇	—	—	—	—	◇
Tami A. Erwin	◇	◇	—	—	—	—	◇
Edward G. McLaughlin	◇	◇	—	—	—	—	◇
Priscilla Hung	◇	◇	—	—	—	—	◇

Louis J. Pastor, Steven J. Bandrowczak and John G. Bruno served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Stock ownership guideline: 3x annual cash retainer ($255,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

CDW Corporation CDW
CGI Inc. GIB
Ciena Corporation CIEN
CommScope Holding Company, Inc. symbol not shown
DXC Technology Company DXC
Juniper Networks, Inc. JNPR
Keysight Technologies, Inc. KEYS
Motorola Solutions, Inc. MSI
NCR Corporation VYX
NetApp, Inc. NTAP
OpenText Corporation symbol not shown
Sanmina Corporation SANM
Seagate Technology Holdings plc STX
Teledyne Technologies Incorporated TDY
Trimble Inc. TRMB
Western Digital Corporation WDC
Zebra Technologies Corporation ZBRA

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 20, 2026	=	◇	◇	◇
2024	May 21, 2025	=	◇	◇	◇
2023	May 22, 2024	=	◇	◇	◇
2022	May 25, 2023	=	◇	◇	◇
2021	May 19, 2022	=	◇	◇	◇
2020	May 20, 2021	=	◇	◇	◇
2019	May 21, 2020	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Xerox Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Xerox Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $1,200

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

212 figures on this page: 205 cited to the filing that reported them, 7 calculated from figures it prints.

205 cited to the filing

7 calculated from the filing

Documents cited

8-K, filed May 27, 2026
0001193125-26-241888
DEF 14A, filed April 7, 2026
0001770450-26-000020
CEO Pay Ratio · Compensation of Directors · Director Compensation · Grants of Plan-Based Awards in 2025 · and 2 more sections
EX-10, filed November 19, 2025
0001193125-25-288323
EX-10.1
8-K, filed May 27, 2025
0001193125-25-127623
DEF 14A, filed April 9, 2025
0001770450-25-000017
Summary Compensation Table
8-K, filed May 28, 2024
0001193125-24-148178
8-K, filed May 31, 2023
0001193125-23-157800
DEF 14A, filed April 10, 2023
0001770450-23-000023
Summary Compensation Table
8-K, filed May 25, 2022
0001193125-22-159391
8-K, filed May 25, 2021
0001193125-21-172386
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 27, 2020
0001193125-20-153127
Item 5.07 Submission of Matters to a Vote of Security Holders

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Velarion, “Xerox Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/XRX (accessed 2026).

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The Xerox Holdings brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

11 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Xerox Holdings discloses

The companies named in XRX's own disclosed peer group.

CDW Corporation CGI Inc.Ciena Corporation DXC Technology Company Juniper Networks, Inc.Keysight Technologies, Inc.Motorola Solutions, Inc.NCR Corporation NetApp, Inc.Sanmina Corporation Seagate Technology Holdings plc Teledyne Technologies Incorporated Trimble Inc.Western Digital Corporation Zebra Technologies Corporation

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}