Form 4: Vertiv Holdings CEO Albertazzi Giordano Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Albertazzi Giordano reports the automatic accrual of dividend-equivalent stock units on restricted stock units.
Summary
- On March 28, 2024, Albertazzi Giordano, CEO of Vertiv Holdings Co, reported changes in beneficial ownership.
- The report details the automatic accrual of dividend-equivalent stock units (DSUs) on the reporting person's restricted stock units (RSUs).
- The DSUs will vest on the same schedule as the underlying RSUs.
- Fractional shares will be settled in cash, according to the 2020 Stock Incentive Plan.
- Following the reported transaction, Albertazzi Giordano beneficially owns 134,194.24 shares, including shares, RSUs, and DSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to changes in beneficial ownership, indicating a neutral sentiment.
Future Outlook
The DSUs will become vested on the same schedule as the underlying RSUs.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the compensation and ownership structure of the company's CEO.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of the transaction involving the accrual of dividend-equivalent stock units. |
| 04/01/2024 | Date of signature for the report. |
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