Form 4 for HTZ HERTZ GLOBAL HOLDINGS, INC
Accepted 2023-01-04 00:00:00 ET · period of report 2022-12-31 · accession 0001657853-23-000008 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-04 | 2022-12-31 | HTZ | SCHERR STEPHEN M | CEO, Dir | M - OptEx | $0.00 | +2.80M | 5.02M | +126% | $0 |
| DM | 2023-01-04 | 2022-12-31 | HTZ | SCHERR STEPHEN M | CEO, Dir | F - Tax | $0.00 | -880.3K | 2.22M | -28% | $0 |
| D | 2023-01-04 | 2022-12-31 | HTZ | SCHERR STEPHEN M | CEO, Dir | M - OptEx | $0.00 | -2.80M | 3.74M | -43% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-31 | M | A | 2,802,590 | $0.00 | 5,018,317 | D | — | — | (F2) These securities result from achieving specified stock price levels during 2022 associated with the performance-vested RSUs granted on February 28, 2022 (the "Performance RSUs"). With achievement of these stock price levels during 2022, the Performance RSUs vest ratably over a five-year period commencing on December 31, 2022, with the first vesting event occurring on December 31, 2022. Consequently, this amount consists of two elements: 1) 560,518 shares of common stock received upon vesting of 1/5th of the Performance RSUs, and 2) 2,242,072 unvested RSUs that vest ratably between 2023 and 2026. |
| 2 | Common | Common Stock | 2022-12-31 | F | D | 293,432 | $0.00 | 4,724,885 | D | — | — | (F3) Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 560,518 Performance RSUs described in footnote 2 above. |
| 3 | Common | Common Stock | 2022-12-31 | F | D | 586,863 | $0.00 | 2,215,727 | D | — | — | (F1) Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 1,121,036 restricted stock units ("RSUs"), which reflects 40% of the 2,802,590 RSUs granted to the Reporting Person on February 28, 2022 and previously reported on a Form 4 filed on March 2, 2022. |
| 4 | Derivative | Performance - Vested Restricted Stock Units | 2022-12-31 | M | D | 2,802,590 | $0.00 | 3,736,788 | D | — · — to 2027-02-28 | 2,802,590 Common Stock | (F5) Represents Performance RSUs for which specified stock price performance levels were achieved during 2022. (F4) Performance RSUs convert on a one-for-one basis. (F6) Based on achievement of stock price levels during 2022, Performance RSUs vest ratably over a five-year period commencing on December 31, 2022, with the first vesting event occurring on December 31, 2022. |