Form 4: Vertiv Holdings Co Director Acquires 15,000 Stock Options
SEC Form 4 Filing
Director Roger Fradin acquired 15,000 stock options in Vertiv Holdings Co on March 7, 2024, according to a Form 4 filing.
Summary
- On March 7, 2024, Roger Fradin, a director of Vertiv Holdings Co, acquired 15,000 stock options.
- The exercise price of these options is $72.09.
- The options vest in four equal installments, starting on March 15, 2025, and annually thereafter.
- The options expire on March 7, 2034.
- Following the transaction, Mr. Fradin directly owns 15,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option grants, which is neutral in sentiment.
Industry Context
This is a standard disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The granting of stock options aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Roger Fradin acquired 15,000 stock options. |
| 03/07/2024 | Stock options granted. |
| 03/15/2025 | First vesting date for 25% of the stock options. |
| 03/07/2034 | Expiration date of the stock options. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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