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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,363 | $172.54 | $235K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Includes shares. Reflects shares acquired under the Company's 401(k) plan in transactions exempt from reporting requirements.
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.
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.
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.