Form 4: Vertiv Holdings Co: Chief Accounting Officer Acquires Stock Options
SEC Form 4 Filing
Scott Cripps, Chief Accounting Officer of Vertiv Holdings Co, reports the acquisition of 12,605 stock options.
Summary
- Scott Cripps, the Chief Accounting Officer of Vertiv Holdings Co, filed a Form 4 with the SEC.
- The filing reports the acquisition of 12,605 stock options on March 7, 2024.
- The exercise price of these options is $72.09.
- The options vest in four equal installments, starting on March 15, 2024.
- The options expire on March 7, 2034.
- Following the transaction, Cripps directly owns 12,605 derivative securities.
Sentiment
Score: 5
Explanation: Neutral. This is a standard SEC filing related to stock option grants, a common practice in executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: acquisition of stock options. |
| 03/07/2024 | Date of earliest transaction. |
| 03/11/2024 | Date of signature on the report. |
| 03/15/2024 | First vesting date of the stock options (25%). |
| 03/07/2034 | Expiration date of the stock options. |
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