Form 4: Vertiv Holdings Director Roger Fradin Transfers Shares from Trusts

Director Roger Fradin transferred 100,000 shares of Vertiv Holdings Co stock from grantor retained annuity trusts to a community property trust.

Summary

• Roger Fradin, a director at Vertiv Holdings Co, transferred 50,000 shares of Class A Common Stock from the R VRT GRAT 2024 trust.
• He also transferred 50,000 shares of Class A Common Stock from the S VRT GRAT 2024 trust.
• These 100,000 shares were transferred to the Fradin Community Property Trust.
• The transfers are considered a change in the form of beneficial ownership and are exempt under Rule 16a-13 of the Securities Exchange Act of 1934.
• The price per share was calculated based on the average high and low trading prices of the Common Stock on the transaction date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a change in beneficial ownership, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing related to a change in beneficial ownership by a company director, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and officers.
• The transfer of shares from trusts to a community property trust is a common estate planning strategy.
• The exemption under Rule 16a-13 is a standard provision for changes in the form of ownership that do not involve a purchase or sale.

Stakeholder Impact

• The share transfer has no direct impact on shareholders as it is a change in the form of ownership, not a sale or purchase.

Key Dates

Keywords

Vertiv Holdings, Roger Fradin, share transfer, beneficial ownership, grantor retained annuity trust, Form 4, director transaction