Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 56

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 56
---
 after the grant date, subject to earlier expiration following termination of employment. |

| (3) | Each of the RSUs granted to Ms. Gill in 2021 and to Mr. Karlborg in 2021 and 2022 vest in equal installments on the third, fifth and seventh anniversaries of the grant date. |

| (4) | The amounts listed include dividend equivalents accrued under the terms of the award agreements in the form of additional RSUs, which vest over the same schedule as the underlying RSUs. Pursuant to the terms of the 2020 Stock Incentive Plan, fractional shares are required to be settled in cash upon vesting. |

| 40 | |     | -  2025 Proxy Statement |

| (5) | Computed in accordance with SEC rules by multiplying the number of unvested units as of December 31, 2024 by $113.61, which was the closing price of our Class A common stock on December 31, 2024, the last trading day of the fiscal year. The actual value realized by the executive officer will depend on whether the award vests and the future stock price performance. |

| (6) | The amount of shares of Vertiv common stock underlying Strategic Performance Awards will be calculated based on dollar amounts that are earned if AOP performance targets are met over a three-year performance period, and any such earned amount will be converted into RSUs, the amount determined by dividing each grantee’s aggregate earned dollar amount by the closing stock price of our common stock on the first business day after the release of earnings for fiscal year 2025. For the first performance period of 2023, amounts were earned at 120% of target. For the second performance period of 2024, amounts were earned at 160% of target. The remaining unearned amounts are reported at target value. Any resulting RSUs vest on January 1, 2027, subject to continued employment, with certain limited exceptions related to death, disability, and change in control termination. The amount reported for Mr. Sanghi reflects his original award granted in 2022 plus an incremental award in 2023 as a result of his new position appointment. |

Option Exercises and Stock Vested During Fiscal 2024 The following table sets forth information regarding the number of RSUs that vested, and options that were exercised, during fiscal 2024.

|                     |     | Option Awards |                  |     |                   |