DXC Technology (NYSE: DXC) grants 85,194 performance stock units to EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drumgoole Christopher reported acquisition or exercise transactions in this Form 4 filing.
DXC Technology Co reported that EVP, GIS Christopher Drumgoole received a grant of 85,194 shares of common stock on April 29, 2026, at no purchase price, as part of his equity compensation.
The award consists of regular-cycle FY2024 performance-vesting restricted stock units earned over a three-year performance period and scheduled to settle on or around May 23, 2026. After this grant, Drumgoole directly holds 549,549 shares of DXC common stock, a figure that includes unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drumgoole Christopher
Role
EVP, GIS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 85,194 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 549,549 shares (Direct, null)
Footnotes (1)
- Award of regular-cycle FY2024 performance-vesting restricted stock units (PSUs) earned based on performance metrics measured over a three-year performance period. The PSUs will settle on or around May 23, 2026. Amount reported includes unvested restricted stock units.
Key Figures
Equity award size: 85,194 shares
Award price: $0.00 per share
Post-grant holdings: 549,549 shares
+1 more
4 metrics
Equity award size
85,194 shares
Performance-vesting restricted stock units granted April 29, 2026
Award price
$0.00 per share
Grant/award acquisition, no purchase price
Post-grant holdings
549,549 shares
Total DXC common stock directly held after the award
Settlement date
on or around May 23, 2026
PSUs scheduled settlement timing
Key Terms
performance-vesting restricted stock units, PSUs, three-year performance period, unvested restricted stock units
4 terms
performance-vesting restricted stock units financial
"Award of regular-cycle FY2024 performance-vesting restricted stock units (PSUs) earned based on performance metrics"
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
PSUs financial
"The PSUs will settle on or around May 23, 2026"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
three-year performance period financial
"performance metrics measured over a three-year performance period"
unvested restricted stock units financial
"Amount reported includes unvested restricted stock units"
FAQ
What insider transaction did DXC (DXC) report for Christopher Drumgoole?
DXC reported that EVP, GIS Christopher Drumgoole received a grant of 85,194 shares of common stock. The shares were awarded at no purchase price as equity compensation and increased his direct holdings to 549,549 shares, including previously granted unvested restricted stock units.
Was the DXC (DXC) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market trade. It reflects a grant of 85,194 performance-vesting restricted stock units at zero cost, awarded as compensation. No open-market buying or selling occurred, so it does not indicate trading activity in DXC stock.
What type of equity award did DXC (DXC) grant to Christopher Drumgoole?
DXC granted regular-cycle FY2024 performance-vesting restricted stock units to Christopher Drumgoole. These PSUs were earned based on performance metrics measured over a three-year period and will settle in shares of common stock, aligning compensation with longer-term company performance.
When will Christopher Drumgoole’s new DXC (DXC) stock units settle?
The awarded performance-vesting restricted stock units are expected to settle on or around May 23, 2026. Settlement means the PSUs convert into DXC common shares delivered to Drumgoole, assuming the applicable performance conditions and vesting requirements are satisfied.