Form 4: Vertiv Holdings Director Transfers Shares to Trusts in Form 4 Filing

Vertiv Holdings director Roger Fradin transferred 100,000 shares of Class A Common Stock to two separate Grantor Retained Annuity Trusts (GRATs) on December 12, 2024.

Summary

• Roger Fradin, a director at Vertiv Holdings Co, filed a Form 4 disclosing the transfer of 100,000 shares of Class A Common Stock.
• The shares were transferred on December 12, 2024, and were previously held indirectly through the Fradin Community Property Trust.
• 50,000 shares were gifted to the R VRT GRAT 2024 II, a trust where Mr. Fradin is the trustee and annuitant, for the benefit of himself and his children.
• The other 50,000 shares were gifted to the S VRT GRAT 2024 II, a trust where Mr. Fradin's spouse is the trustee and annuitant, for the benefit of his spouse and children.
• Mr. Fradin maintains indirect beneficial ownership of the shares in both trusts.
• The shares were transferred at a price of $0, indicating a gift or transfer rather than a sale.
• As of the filing date, the shares remain held by the respective GRATs and have not been sold.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine share transfer. It does not indicate positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The transfer of shares to GRATs is a common estate planning strategy used by high-net-worth individuals, including corporate executives.
• The transaction is similar to other insider transactions reported by directors and officers of publicly traded companies.

Stakeholder Impact

• The share transfer has no immediate impact on shareholders as the shares remain under the beneficial ownership of the director.
• The transaction is part of the director's personal financial planning and does not affect the company's operations or financial position.

Key Dates

Keywords

Form 4, Vertiv Holdings, Roger Fradin, Class A Common Stock, Grantor Retained Annuity Trust, GRAT, Beneficial Ownership, Share Transfer, Director Transaction