Form 4: Vertiv Holdings Co: Executive Winther Karsten Reports Acquisition of Dividend-Equivalent Stock Units
SEC Form 4 Filing
Karsten Winther, President of EMEA at Vertiv Holdings Co, reports the acquisition of dividend-equivalent stock units (DSUs) related to restricted stock units (RSUs).
Summary
- On June 26, 2024, Karsten Winther, President of EMEA at Vertiv Holdings Co, reported a transaction involving Class A Common Stock.
- Winther acquired 1.35 dividend-equivalent stock units (DSUs) at a price of $0.
- These DSUs are associated with Winther's restricted stock units (RSUs) and will vest according to the same schedule as the underlying RSUs.
- Fractional shares will be settled in cash, as per the 2020 Stock Incentive Plan.
- Following the reported transaction, Winther beneficially owns 25,261.91 shares, including shares, RSUs, and DSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment with shareholder interests.
Positives
- The acquisition of dividend-equivalent stock units reflects continued alignment of executive compensation with shareholder value.
Future Outlook
The DSUs will vest on the same schedule as the underlying RSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of the transaction: acquisition of dividend-equivalent stock units. |
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