COTE DAVID M 4
Research Summary
AI-generated summary
Vertiv (VRT) Executive Chairman David Cote Sells 40,000 Shares
What Happened
David M. Cote, Executive Chairman and Director of Vertiv Holdings Co (VRT), sold 40,000 shares in open-market disposals on February 26, 2026 for total proceeds of $10,211,593 (about $255.29 per share on average). The trades occurred in multiple tranches at prices roughly between $250.06 and $258.93 per share. The filing indicates some of the sales were undertaken on behalf of the Reporting Person’s spouse.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the required two business days).
- Total shares sold: 40,000; Total proceeds: $10,211,593; average price ≈ $255.29/share.
- Price range across tranches: $250.06 – $258.93. Weighted-average prices reported by tranche: $250.23, $252.19, $253.38, $254.39, $255.33, $256.42, $257.45, $258.26.
- Sales executed on behalf of the Reporting Person’s spouse (footnote F1); the filing also references securities held directly by the spouse (F3).
- The filing discloses multiple outstanding option grants and vesting schedules (F11–F18) and notes options held in trusts where Mr. Cote is trustee (F19, F20); those options remain unexercised as of the filing.
- Shares owned after the transactions are not specified in the provided excerpt of the Form 4.
Context
These were open‑market sales (disposals), which are common for liquidity, diversification, or household-level planning and do not, by themselves, indicate management’s view of the company’s prospects. The Form 4 lists substantial outstanding option grants and trust holdings, so Mr. Cote retains derivative exposure to Vertiv even after these sales.