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Cannot change admin account password on company-provided laptop

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I have a macbook pro running macOS Big Sur 11.1 that was given to me by my former employer. They allowed me to keep the laptop after I left the company. When I try changing my password, I get this error: enter image description here I understand that my company's network administration setup still has its tentacles in my machine. This is the output from klist:
Credentials cache: API:9F3BD780-2620-4574-A37D-C745AC9FBCA5
        Principal: my.username@company.domain.name

  Issued    Expires    Principal
How do I change my password?
Asked by Zane Bradley (1 rep)
Dec 24, 2020, 12:49 AM