Vertiv (NYSE: VRT) CIO reports 1,363-share tax withholding on RSU vesting
Rhea-AI Filing Summary
Vertiv Holdings Co’s Chief Information Officer Michael Giresi reported an automatic share withholding related to equity compensation. On January 15, 2026, the issuer withheld 1,363 shares of Class A common stock at $172.54 per share to cover his tax obligations upon vesting and settlement of restricted stock units and related dividend-equivalent units under the 2020 Stock Incentive Plan. After this transaction, Giresi beneficially owned 1,581 Class A shares directly and an additional 18.92 shares indirectly through the company’s 401(k) plan, which were acquired in transactions exempt from reporting.
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FAQ
What insider transaction did Vertiv (VRT) report for Michael Giresi?
Vertiv reported that Chief Information Officer Michael Giresi had 1,363 shares of Class A common stock automatically withheld on January 15, 2026 to satisfy tax obligations tied to vesting restricted stock units.
What does the transaction code F mean in the Vertiv (VRT) Form 4?
The transaction code F indicates shares were withheld by the issuer to pay taxes due upon the vesting and settlement of equity awards, rather than an open-market sale by the insider.
How many Vertiv (VRT) shares does Michael Giresi own after this Form 4?
After the reported withholding, Michael Giresi beneficially owns 1,581 shares of Vertiv Class A common stock directly and 18.92 shares indirectly through the company’s 401(k) plan.
What role did restricted stock units play in this Vertiv (VRT) filing?
The filing states the shares were withheld to cover taxes upon vesting and settlement of restricted stock units (RSUs) and related dividend-equivalent stock units (DSUs) under Vertiv’s 2020 Stock Incentive Plan.
Is the 401(k) activity for Vertiv (VRT) shares reportable in this Form 4?
The Form 4 notes that the 18.92 Vertiv shares in the 401(k) plan reflect shares acquired in transactions exempt from reporting requirements, but the resulting indirect ownership balance is disclosed.
Does this Vertiv (VRT) Form 4 indicate an open market sale by the CIO?
No. The Form 4 explains that the 1,363 shares were automatically withheld by the issuer for taxes upon RSU vesting, rather than sold by the executive in the open market.