Vertiv Holdings Co

On July 25, 2024, Stephen Liang, the Company’s Chief Technology Officer and Executive Vice President of Products and Solutions, announced that he will remain in this role for the balance of 2024 and effective January 1, 2025, he will reduce his time commitment while remaining focused on his core responsibilities as the Chief Technology Officer. In connection with this announcement, the Company entered into a letter agreement with Mr. Liang that describes the terms of his role with the Company through 2025. As referenced in that letter, effective January 1, 2025, Mr. Liang’s base compensation will be $337,500 and his Vertiv Incentive Plan opportunity will be 80% of his base compensation. With respect to the one-time, special equity performance award previously granted to him in November 2022, he will remain eligible to receive the portions earned for 2023 and 2024 performance, including in the event he retires in 2026, although no timeline for retirement has been determined. The foregoing description of the letter agreement does not purport to be complete and is qualified in its entirety by the full text of the Agreement, a copy of which is attached to this quarterly report on Form 10-Q.