Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 71

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 71
---
 activity, net of withholdings for tax(4)532,821 — — — 22.1 — — 22.1 Employee 401K match with Vertiv stock136,254 — — — 10.7 — — 10.7 Dividend payments— — — — — (42.2)— (42.2)Repurchase of common stock(5)(9,076,444)— 9,076,444 (605.9)6.0 — — (599.9)Retirement of common stock— — (9,076,444)605.9 (605.9)— — — Exercise of warrants(6)4,812,521 — — — 644.2 — — 644.2 Other comprehensive income (loss), net of tax— — — — — — (144.3)(144.3)Balance at December 31, 2024380,703,974 $— — $— $2,821.4 $(238.3)$(148.8)$2,434.3 

(1)Net stock compensation activity includes 876,358 vested shares offset by 312,761 shares withheld for taxes valued at $4.3 and stock-based compensation of $24.7.

(2)Net stock compensation activity includes 635,663 vested shares offset by 215,493 shares withheld for taxes valued at $3.3 and stock-based compensation of $25.0.

(3)On February 24, 2023, GS Sponsor LLC elected to exercise 5,266,666 warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 1,368,194 shares of Class A common stock.

(4)Net stock compensation activity includes 778,510 of vested shares offset by 245,689 shares withheld for taxes valued at $21.9, and stock-based compensation of $34.6 and employee incentive compensation of $9.4 awarded in fully vested shares.

(5)Repurchase of common stock activity includes common stock valued at $599.9 and a 1% excise tax accrual of $6.0. Accrual was subsequently reversed due to fair value of common stock issued in 2024 exceeding the