Form 4: Vertiv Holdings Co: Officer Cui Yibin Edward Sells Shares to Cover Tax Obligations

Vertiv Holdings Co officer Cui Yibin Edward sold 668 shares of Class A Common Stock on May 4, 2024, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.

Summary

• On May 4, 2024, Cui Yibin Edward, President Greater China at Vertiv Holdings Co, sold 668 shares of Class A Common Stock.
• The sale was executed at a price of $94.39 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs), including dividend-equivalent stock units (DSUs).
• Following the transaction, Cui Yibin Edward beneficially owns 19,451.66 shares, which includes shares, RSUs, and DSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.

Key Dates