Vertiv executive sells over $63,000 in company stock
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Edward Cui Yibin, the President of Greater China for Vertiv Holdings Co, sold 668 shares of the company's Class A Common Stock for a total value exceeding $63,000. The sale took place on May 4, 2024, at a price of $94.39 per share. The transaction was made to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs) and dividend-equivalent stock units (DSUs). After the sale, Edward Cui Yibin's remaining stake in Vertiv Holdings Co includes a combination of shares, RSUs, and DSUs, totaling 19,451.66 units. The filing was signed on May 7, 2024, by Robert M. Wolfe, as attorney-in-fact. Vertiv Holdings Co is a company in the electronic components sector, headquartered in Columbus, Ohio, and traded on the New York Stock Exchange under the ticker symbol VRT. The sale of stock for tax obligations does not necessarily indicate a change in the executive's view of the company's prospects. Vertiv Holdings Co has a market capitalization of $35.55 billion and has seen impressive revenue growth of 15.27% over the last twelve months as of Q1 2024. The company's stock has experienced significant appreciation, with a one-year price total return of 529.94%.

#VertivHoldingsCo #StockSale #EdwardCuiYibin #RestrictedStockUnits #TaxObligations

https://www.investing.com/news/company-news/vertiv-executive-sells-over-63000-in-company-stock-93CH-3426848