Vertiv CEO granted 11.08 dividend share units
Vertiv Holdings Co Chief Executive Officer Giordano Albertazzi acquired 11.08 shares of Class A Common Stock on a grant/award basis.
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Rhea-AI Filing Summary
Vertiv Holdings Co Chief Executive Officer Giordano Albertazzi acquired 11.08 shares of Class A Common Stock on a grant/award basis. The award represents an automatic accrual of dividend-equivalent stock units on his existing restricted stock units and carried no purchase price.
These dividend-equivalent stock units vest on the same schedule as the underlying restricted stock units, with any fractional shares to be settled in cash under the 2020 Stock Incentive Plan. Following this accrual, Albertazzi’s directly held position, including shares, restricted stock units, and dividend-equivalent stock units, totals 166,101.08 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11.08 | $0.00 | $0.00 |
Footnotes (2)
- 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.
Key Figures
Key Terms
dividend-equivalent stock units financial
DSUs financial
RSUs financial
2020 Stock Incentive Plan financial
restricted stock units financial
FAQ
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What did Vertiv (VRT) CEO Giordano Albertazzi report in this Form 4?
How will fractional Vertiv (VRT) dividend-equivalent units be settled for the CEO?
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