Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 38

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 38
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 year. |

| • |     | Inflation mitigation. The Company continued its efforts to manage and mitigate inflationary pressures and shortages in materials and labor in 2024 by continued focus on, and implementation of, supplier resiliency programs, alternative supplier qualifications and engineering redesign initiatives. |

| • |     | Adjusted free cash flow. 2024 net cash provided by operating activities was ~$1,319 million, an increase of ~$419 million (or 46.5%) versus the prior year. Adjusted free cash flow(1) for 2024 was ~$1,135 million, an increase of ~$357 million (or 46%) versus the prior year primarily driven by higher adjusted operating profit and lower cash interest. Liquidity(2) at the end of the fourth quarter 2024 remained strong at ~$2.0 billion, including ~$1.2 billion of cash and $785 million of availability under the asset-based lending (ABL) facility. |

| • |     | Strong financial performance. 2024 was a continuation of the Company’s unwavering dedication and focus on operational excellence and execution, technology and capacity growth and expansion, and high-performance culture, culminating in a historic financial performance across all of the Company’s financial metrics. While these are all indicators of growth, operational improvements and execution by the Company in 2024, we continue to strive to implement our Vertiv Operating System (VOS) across our organization to establish and implement operational best practices and to create process improvements and efficiencies across our global organizations to more effectively and efficiently manage our business, our operations, and our costs while aiming to deliver short and long-term value for our stockholders. |

| (1) | See Annex A for a reconciliation of and information regarding the non-GAAP metrics. |

| (2) | Liquidity is calculated as cash and cash equivalents plus availability under the ABL Revolving Credit Facility as of December 31, 2024. |

| 3 |     | Commitment to Stockholders |

We actively engage with stockholders throughout the year to better understand their issues and concerns, including, but not limited to, their perspective on executive compensation. We hold a “say-on-pay” advisoryvote on an annual basis. In 2024, we received approval of approximately 95% of votes cast on our “say-on-pay” advisoryvote. Feedback from stockholders informs the Compensation Committee’s consideration of executive compensation programs. The Board and the Compensation Committee aim to