Form 4: Vertiv Holdings Co: Eric M. Johnson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Eric M. Johnson, Chief Accounting Officer of Vertiv Holdings Co, reports changes in beneficial ownership due to the accrual of dividend-equivalent stock units.
Summary
- On June 26, 2024, Eric M. Johnson, Chief Accounting Officer of Vertiv Holdings Co, reported changes in beneficial ownership.
- The changes involve the automatic accrual of 0.36 dividend-equivalent stock units (DSUs) on restricted stock units (RSUs).
- Following the reported transaction, Johnson beneficially owns 1,318.36 shares of Class A Common Stock, which includes RSUs and DSUs.
- The DSUs will vest on the same schedule as the underlying RSUs, and fractional shares will be settled in cash according to the 2020 Stock Incentive Plan.
Sentiment
Score: 6
Explanation: The document is a routine filing related to stock unit accrual, indicating a neutral sentiment.
Positives
- The accrual of dividend-equivalent stock units indicates continued investment in the company by its executives.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of the transaction (accrual of dividend-equivalent stock units) and filing of the Form 4. |
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