Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 3

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 3
---
410 basis points to 19.4%, net cash provided by operating activities reaching ~1.3 billion, a 47% increase from the previous year, and adjusted free cash flow reaching ~$1.1 billion, a 46% increase from the previous year. We’re in the strongest position in our company’s history to provide ongoing value creation.

| -  2025 Proxy Statement | 1 |

Against the backdrop of AI tailwinds and exponential data growth, we stand at the forefront of innovation and sit at the helm of the market’s transformation. We look forward to building upon the record momentum of 2024 and delivering increasing value for our shareholders, customers, and employees in the short- and long-term, while maintaining our position at the forefront of technological innovation. Strategic Compensation-Related and Other Actions to Position Us for Long-Term Growth During 2024, we continued to be laser focused on operational excellence and execution, and building a high-performance culture throughout our company, including operations, manufacturing, supply chain, and other disciplines within our business. In response to the unprecedented growth in data and the increasing demands and acceleration that AI and high-performance compute are presenting in our industry, we took focused actions against our strategic framework to improve operational and financial performance, to enhance and expand our capacity, our technology, and our capabilities to meet customer demand, to retain and attract top talent, and to position our business for short- and long-term growth in the face of geopolitical and macroeconomic uncertainty. For example:

| ✓ | Continued Focus on Pay for Performance. As described in more detail in the “Compensation Discussion and Analysis” below, our executive compensation program focused on performance. For example, cash bonus payouts for named executive officers were above target due to our strong financial performance in 2024 and achievement of results above our financial targets. We continued to focus on annual equity grants in the form of stock options, which only have value if our stockholders receive value through stock price increases. |

| ✓ | Capacity and Technology Expansion. We invested in capacity expansion to meet current and anticipated customer demand. For example, we significantly increased our manufacturing capacity for switchgear, busbar and integrated solutions by opening new facilities and adding production to existing facilities. Additionally, in order to support our thermal management activity, we opened a new manufacturing facility in Pune, India in 2024, and in order to support the production of modular solutions, modular power systems and other infrastructure systems, we opened a new facility in Pelzer