Vertiv Holdings Co Insider Trading Activity
Vertiv Holdings Co Chief Product and Tech Officer Scott Armul reported a routine tax-related share withholding tied to equity compensation.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Vertiv Holdings Co Chief Product and Tech Officer Scott Armul reported a routine tax-related share withholding tied to equity compensation. On the reported date, 511 shares of Class A Common Stock were withheld by the company at $330.97 per share to cover his tax obligation upon vesting and settlement of restricted stock units and related dividend-equivalent stock units under the 2020 Stock Incentive Plan.
After this tax-withholding disposition, Armul directly holds 32,032.46 shares of Vertiv Class A Common Stock and indirectly holds 2,147.15 shares through the company’s 401(k) plan. The filing describes the 401(k) position as including shares, restricted stock units, and dividend-equivalent stock units, and classifies the withholding as a non–open-market transaction rather than a discretionary sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 511 | $330.97 | $169K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation upon vesting and settlement of restricted stock units ("RSUs"), including dividend-equivalent stock units ("DSUs"). Pursuant to the terms of the 2020 Stock Incentive Plan, fractional shares are mandatorily settled in cash.
- F2. Includes shares, RSUs and DSUs.
- F3. Reflects shares acquired under the Company's 401(k) plan in transactions exempt from reporting requirements.
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