Vertiv (NYSE: VRT) HR chief gains dividend-equivalent stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertiv Holdings Co reported that Chief Human Resources Officer Frank Poncheri acquired 3.19 shares of Class A Common Stock through an automatic accrual of dividend-equivalent stock units on his restricted stock units. After this grant, he directly holds a total of 16,656.87 shares, RSUs and DSUs, and indirectly holds 157.79 shares through the company’s 401(k) plan. The fractional portion of these dividend-equivalent units will be settled in cash under Vertiv’s 2020 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Poncheri Frank
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3.19 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 16,656.87 shares (Direct);
Class A Common Stock — 157.79 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- 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. Includes shares, RSUs and DSUs. Reflects shares acquired under the Company's 401(k) plan in transactions exempt from reporting requirements.
Key Figures
DSU grant: 3.19 shares
Direct holdings after transaction: 16,656.87 shares/RSUs/DSUs
Indirect 401(k) holdings: 157.79 shares
+1 more
4 metrics
DSU grant
3.19 shares
Automatic accrual of dividend-equivalent stock units on RSUs
Direct holdings after transaction
16,656.87 shares/RSUs/DSUs
Total direct position following DSU accrual
Indirect 401(k) holdings
157.79 shares
Shares held through Vertiv 401(k) plan
Transaction price per share
$0.00
Grant of DSUs carried no purchase price
Key Terms
dividend-equivalent stock units, DSUs, RSUs, 2020 Stock Incentive Plan, +1 more
5 terms
dividend-equivalent stock units financial
"Represents the automatic accrual of dividend-equivalent stock units ("DSUs") on the reporting person's restricted stock units"
Dividend-equivalent stock units are compensation units that track the dividend payments an investor would receive on a share, but are paid to an employee or holder in cash or additional units instead of actual shares. They matter to investors because they represent a company obligation that can affect cash flow and shareholder dilution over time, and they reveal how a company rewards insiders in ways that mimic its dividend policy — like giving a paycheck that follows the company’s dividend stream.
DSUs financial
"The DSUs will become vested on the same schedule as the underlying RSUs"
DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.
RSUs financial
"Represents the automatic accrual of dividend-equivalent stock units ("DSUs") on the reporting person's restricted stock units ("RSUs")"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2020 Stock Incentive Plan financial
"Pursuant to the terms of the 2020 Stock Incentive Plan, fractional shares will be settled in cash"
401(k) plan financial
"Reflects shares acquired under the Company's 401(k) plan in transactions exempt from reporting requirements"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What did Vertiv (VRT) insider Frank Poncheri report in this Form 4?
Frank Poncheri, Vertiv’s Chief Human Resources Officer, reported an automatic grant of 3.19 Class A Common Stock shares as dividend-equivalent stock units on existing RSUs. This compensation-related accrual did not involve an open-market buy or sell transaction.
What are dividend-equivalent stock units (DSUs) in Vertiv’s Form 4 for VRT?
Dividend-equivalent stock units, or DSUs, are additional units that automatically accrue on restricted stock units when dividends are paid. In this filing, DSUs granted to Frank Poncheri will vest on the same schedule as his underlying RSUs under Vertiv’s 2020 Stock Incentive Plan.
Did the Vertiv (VRT) Form 4 show any open-market stock purchases or sales?
The Form 4 did not show open-market purchases or sales. Instead, it reported an automatic award of 3.19 dividend-equivalent stock units on existing RSUs and updated holdings, including shares acquired under Vertiv’s 401(k) plan in transactions exempt from reporting requirements.