Armul Scott 4
Research Summary
AI-generated summary
Vertiv (VRT) Chief Product & Tech Officer Armul Scott Receives Award
What Happened
- Armul Scott, Chief Product and Technology Officer at Vertiv Holdings Co (VRT), was granted 5.55 stock units on March 26, 2026. The reported transaction is an award/grant (code A) of 5.55 units at $0.00 (reported acquisition value $0).
- These units reflect dividend-equivalent stock units (DSUs) that automatically accrued on underlying restricted stock units (RSUs); they will vest on the same schedule as the underlying RSUs. Per the 2020 Stock Incentive Plan, any fractional shares will be settled in cash.
Key Details
- Transaction date: 2026-03-26; Filing date (accession): 2026-03-30.
- Reported grant: 5.55 units at $0.00; reported total consideration $0.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes:
- F1: DSUs automatically accrued on RSUs; DSUs vest with the RSUs; fractional shares settled in cash.
- F2: Aggregation note — counts may include shares, RSUs and DSUs.
- F3: Notes certain shares acquired under the company 401(k) plan in exempt transactions.
- Timeliness: Filing shows the Form 4 was submitted March 30 for a March 26 transaction (filed four days after the transaction). The record provided does not include a late-filing flag; check the full filing for any timeliness disclosure.
Context
- This was a compensation award, not an open-market purchase or sale. Awards of RSUs/DSUs are common executive compensation and do not by themselves indicate buying or selling sentiment.
- Fractional-unit settlement in cash means the 0.55 portion will be paid out rather than issued as a fractional share per the plan terms.