Richard Harrington, Director at Xerox Corporation (NYSE:XRX), was awarded with a stock grant of $64,982 on Tuesday. The grant consists of 5,141 Deferred Stock Units and is one of this first to be handed out to an insider this fiscal year.
Over the past months, insider transactions have been relatively stagnant at the $14.9 billion market cap firm, although some larger sales were executed at the beginning of May. Such was the case with Executive Vice President Zagalo Armando de Lima, who unloaded 29,317 shares of Common Stock for $12.00 per share, one week after disposing of 24,900 shares for a price of $12.15 per share. However, Lynn Blodgett, Executive Vice President at Xerox, executed one of the largest stock sales, when she sold 400,000 shares for $12.01 per share in April.
On another note, Q1 of fiscal 2014 showed stability amongst hedge funds, with some minor movements regarding portfolio participation. However, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital remains the largest shareholder, with 7.93 million company shares, worth approximately $89.6 million.