Vertiv CHRO granted dividend-equivalent stock units
Poncheri Frank reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Poncheri Frank reported acquisition or exercise transactions in this Form 4 filing.
Vertiv Holdings Co reported that Chief Human Resources Officer Frank Poncheri received an automatic accrual of 2.74 dividend-equivalent stock units (DSUs) tied to his restricted stock units (RSUs), at no cash cost. These DSUs vest on the same schedule as the underlying RSUs, and any fractional shares will be settled in cash under the 2020 Stock Incentive Plan. After this award, Poncheri directly holds 16,659.61 shares of Vertiv Class A common stock and indirectly holds 159.28 shares through the company’s 401(k) plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2.74 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents the automatic accrual of dividend-equivalent stock units ("DSUs") on the reporting person's restricted stock units ("RSUs"). The DSUs will become vested on the same schedule as the underlying RSUs. Pursuant to the terms of the 2020 Stock Incentive Plan, fractional shares will be 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.
Key Figures
Key Terms
dividend-equivalent stock units financial
restricted stock units ("RSUs") financial
2020 Stock Incentive Plan financial
401(k) plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vertiv (VRT) executive Frank Poncheri acquire in this Form 4?
Are the Vertiv (VRT) stock units granted to Poncheri immediately vested?
Was Frank Poncheri’s Vertiv (VRT) transaction an open-market buy or sale?
What does the 401(k) entry mean in Frank Poncheri’s Vertiv (VRT) holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.