Form 4 for VRT Vertiv
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-01 · accession 0000950142-24-000640 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-05 | 2024-03-01 | VRT | Liang Stephen | CTO, EVP | M - OptEx | $15.10 | +287.2K | 358.0K | +406% | +$4.34M |
| DM | 2024-03-05 | 2024-03-01 | VRT | Liang Stephen | CTO, EVP | S - Sale+OE | $70.24 | -306.2K | 316.8K | -49% | -$21.51M |
| DM | 2024-03-05 | 2024-03-01 | VRT | Liang Stephen | CTO, EVP | M - OptEx | $0.00 | -287.2K | 33.7K | -90% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-01 | M | A | 41,250 | $11.50 | 112,062.86 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-01 | M | A | 101,047 | $20.93 | 213,109.86 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-03-01 | M | A | 144,927 | $12.05 | 358,036.86 | D | — | — | |
| 4 | Common | Class A Common Stock | 2024-03-01 | S | D | 10 | $70.44 | 51,840.86 | D | — | — | (F1) Following the completion of the transactions reported herein, all of which were undertaken for portfolio diversification purposes, the reporting person directly holds an aggregate of 51,840.86 shares of Class A common stock, restricted stock units and dividend-equivalent stock units. |
| 5 | Common | Class A Common Stock | 2024-03-01 | S | D | 101,047 | $70.10 | 215,739.86 | D | — | — | (F3) Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.06 to $70.23. |
| 6 | Common | Class A Common Stock | 2024-03-01 | S | D | 144,927 | $70.36 | 70,812.86 | D | — | — | (F4) Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.18 to $70.63. |
| 7 | Common | Class A Common Stock | 2024-03-01 | S | D | 18,962 | $70.54 | 51,850.86 | D | — | — | (F5) Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.53 to $70.63. |
| 8 | Common | Class A Common Stock | 2024-03-01 | S | D | 41,250 | $70.01 | 316,786.86 | D | — | — | (F1) Following the completion of the transactions reported herein, all of which were undertaken for portfolio diversification purposes, the reporting person directly holds an aggregate of 51,840.86 shares of Class A common stock, restricted stock units and dividend-equivalent stock units. (F2) Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $69.99 to $70.16. The reporting person undertakes to provide to Vertiv Holdings Co, any security holder of Vertiv Holdings Co, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 3 to 5 inclusive. |
| 9 | Derivative | Stock Options | 2024-03-01 | M | D | 41,250 | $0.00 | 123,750 | D | $11.50 · — to 2032-03-03 | 41,250 Class A Common Stock | (F7) Following the completion of the transactions reported herein, the reporting person holds 123,750 of 165,000 stock options granted to the reporting person on March 3, 2022, which vested as to 25% on each of March 3, 2023 and March 3, 2024, and which will vest as to 25% on each of March 3, 2025 and March 3, 2026. |
| 10 | Derivative | Stock Options | 2024-03-01 | M | D | 144,927 | $0.00 | 0 | D | $12.05 · — to 2030-02-07 | 144,927 Class A Common Stock | (F9) 144,927 stock options granted to the reporting person on February 7, 2020 vested as to 25% on each of February 7, 2021, February 7, 2022, February 7, 2023 and February 7, 2024. |
| 11 | Derivative | Stock Options | 2024-03-01 | M | D | 101,047 | $0.00 | 33,683 | D | $20.93 · — to 2031-02-26 | 101,047 Class A Common Stock | (F8) Following the completion of the transactions reported herein, the reporting person holds 33,683 of 134,730 stock options granted to the reporting person on February 26, 2021, which vested as to 33,682 on each of February 26, 2022 and February 26, 2023 and as to 33,683 on February 26, 2024, and which will vest as to 33,683 on February 26, 2025. |