Company: VRT
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001628280-25-019372
Chunk: 24

Company: Vertiv Holdings Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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(605.9)— — — (605.9)Other comprehensive income (loss), net of tax— — — — — — (34.3)(34.3)Balance at March 31, 2024373,969,346 $— 9,076,444 $(605.9)$2,745.2 $(707.1)$(38.8)$1,393.4 Balance at December 31, 2024380,703,974 $— — $— $2,821.4 $(238.3)$(148.8)$2,434.3 Net income (loss)— — — — 164.5 — 164.5 Exercise of employee stock options109,017 — — — 1.3 — — 1.3 Stock-based compensation activity, net of shares withheld for tax(2)169,340 — — — 4.5 — — 4.5 401K match with Vertiv stock18,813 — — — 2.4 — — 2.4 Dividend— — — — — (14.2)— (14.2)Other comprehensive income (loss), net of tax— — — — — — 73.6 73.6 Balance at March 31, 2025381,001,144 $— — $— $2,829.6 $(88.0)$(75.2)$2,666.4 

(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 239,098 vested shares offset by 69,758 shares withheld for taxes valued at $6.7 and stock-based compensation of $11.2.

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements

6

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