Form 4: Vertiv Holdings CFO David Joseph Fallon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Joseph Fallon, CFO of Vertiv Holdings Co, reports a transaction involving Class A Common Stock due to tax obligations upon vesting of restricted stock units.
Summary
- On April 8, 2024, David Joseph Fallon, the Chief Financial Officer of Vertiv Holdings Co, reported a change in beneficial ownership of the company's Class A Common Stock.
- The transaction involved the withholding of 19,951 shares to satisfy tax obligations related to the vesting and settlement of restricted stock units (RSUs), including dividend-equivalent stock units (DSUs), at a price of $84.15 per share.
- Following the transaction, Fallon directly owns 161,125 shares of Class A Common Stock and indirectly owns 2,179.62 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the CFO's stock transactions related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is related to tax obligations of the CFO.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of transaction involving Class A Common Stock. |
| 04/10/2024 | Date of signature for the report. |
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