REINEMUND STEVEN 4
Research Summary
AI-generated summary
Vertiv (VRT) Director Steven Reinemund Sells 100,000 Shares
What Happened
Steven Reinemund, a director of Vertiv Holdings Co. (VRT), sold a total of 100,000 shares in open-market transactions on February 26, 2026, generating approximately $25.39 million in proceeds. The sales occurred in a series of trades at prices ranging roughly from $250.00 to $259.44 per share (see footnotes F1–F9 for weighted averages and per-price breakdowns). These were outright sales (transaction code S), not purchases or option exercises.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
- Total shares sold: 100,000; total proceeds: about $25,394,523.
- Price details: multiple blocks with weighted-average prices and ranges (F1–F9). Example weighted averages include $250.14 (range ~$250.00–$250.74), $251.69, $252.42, $253.51, $254.01, $255.50, $256.57, $257.52 and $259.09. The filing offers to provide per-price breakdowns on request.
- Shares owned after the transactions: not specified in the provided excerpt (see the full Form 4 for post-transaction beneficial ownership).
- Other holdings: filing footnotes (F10–F15) list multiple outstanding stock-option grants (2020–2025) with various vesting schedules.
- Filing timeliness: filed within required period (not indicated late).
Context
- These were open-market sales by a company director. Sales are common and do not by themselves indicate the director’s view of company prospects.
- The filing does not show option exercises or awards as the cause of these sales; it reports outright disposals. For more detail on per-trade pricing or post-sale holdings, consult the full Form 4 (accession 0000950142-26-000580) or request the breakdown referenced in the footnotes.