Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 28

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
176.6 Exercise of employee stock options100,303 — — — 1.4 — — 1.4 Stock-based compensation, net of shares withheld for tax(3)10,299 — — — 7.0 — — 7.0 Employee 401K match with Vertiv stock26,024 — — — 2.4 — — 2.4 Dividend— — — — — (9.4)— (9.4)Other comprehensive income (loss), net of tax— — — — — — 98.2 98.2 Balance at September 30, 2024375,249,753 $— — $— $2,151.8 $(371.2)$33.1 $1,813.7 

(1)Net stock compensation activity includes 146,095 vested shares offset by 43,262 shares withheld for taxes valued at $3.0, stock-based compensation of $9.2, and employee incentive compensation of $11.1 awarded in fully vested shares.

(2)Net stock compensation activity includes 606,060 vested shares offset by 193,601 shares withheld for taxes valued at $18.1, stock-based compensation of $8.5, and forfeitures in employee incentive compensation of $1.1.

(3)Net stock compensation activity includes 15,583 vested shares offset by 5,284 shares withheld for taxes valued at $0.4, stock-based compensation of $8.1 and forfeitures in employee incentive compensation of $0.7.

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements

7

Vertiv Holdings Co

Notes to Condensed Consolidated Financial Statements (Unaudited)

(Dollars in millions, except per share amounts)

(1) DESCRIPTION OF BUSINESSVertiv Holdings Co (“Holdings Co”, and together with its majority-owned subsidiaries, “Vertiv”, “we”, “our”, or “the Company”), formerly known as GS Acquisition Holdings Corp (“GSAH”), provides mission-critical digital infrastructure technologies and life cycle services primarily for data centers, communication networks, and commercial and industrial environments. Vertiv’s offerings include AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, management systems for monitoring and controlling