Mark Fields - Nov 9, 2021 Form 4 Insider Report for HERTZ GLOBAL HOLDINGS, INC (HTZ)

Role
Interim CEO, Director
Signature
Dane E. Allen, by Power of Attorney on behalf of Mark Fields
Stock symbol
HTZ
Transactions as of
Nov 9, 2021
Transactions value $
$0
Form type
4
Date filed
11/12/2021, 08:21 AM
Previous filing
Oct 1, 2021
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTZ Common Stock Award $0 +500K $0.00 500K Nov 9, 2021 Direct F1
transaction HTZ Common Stock Award $0 +10K +2.01% $0.00 510K Nov 9, 2021 Direct F2
transaction HTZ Common Stock Award $0 +1.28K +0.25% $0.00 511K Nov 9, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock underlying RSUs granted to the reporting person on November 9, 2021, the date that the Issuer's common stock began trading on the Nasdaq Global Select Market (the "Interim CEO Award"). The shares covered by the Interim CEO Award vest as follows: (A) if the Employment End Date as defined in the Interim CEO Offer Letter occurs within 90 days of Mr. Field's start date as Interim Chief Executive Officer, 50% of the shares under the Interim CEO Award will vest on the Employment End Date and the remainder will be forfeited, and (B) if the Employment End Date occurs after the 90th day following his employment start date, 100% of the shares under the Interim CEO Award will vest on the earlier of (x) the six-month anniversary of his start date and (y) the Employment End Date.
F2 Represents the equity portion of the annual retainer granted to the reporting person on November 9, 2021, which vests in full on the earlier of the business day immediately preceding the date of the Company's 2022 annual stockholder's meeting (or such director's departure from the Board for any reason other than a termination for cause) and will settle promptly following the date on which the reporting person ceases to serve as a director.
F3 Represents shares of Common Stock granted to the reporting person on November 9, 2021 and fully vested on such date (the "Q3 Award"). The Q3 Award was issuable in lieu of the quarterly cash retainer for the third quarter of 2021.