Stephen M. Scherr - Dec 31, 2022 Form 4 Insider Report for HERTZ GLOBAL HOLDINGS, INC (HTZ)

Role
Chief Executive Officer, Director
Signature
Dane E. Allen, by Power of Attorney on behalf of Stephen M. Scherr
Stock symbol
HTZ
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 05:58 PM
Previous filing
Mar 1, 2022
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTZ Common Stock Tax liability $0 -587K -20.94% $0.00 2.22M Dec 31, 2022 Direct F1
transaction HTZ Common Stock Options Exercise $0 +2.8M +126.49% $0.00 5.02M Dec 31, 2022 Direct F2
transaction HTZ Common Stock Tax liability $0 -293K -5.85% $0.00 4.72M Dec 31, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HTZ Performance - Vested Restricted Stock Units Options Exercise $0 -2.8M -42.86% $0.00 3.74M Dec 31, 2022 Common Stock 2.8M Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
F3 Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 560,518 Performance RSUs described in footnote 2 above.
F4 Performance RSUs convert on a one-for-one basis.
F5 Represents Performance RSUs for which specified stock price performance levels were achieved during 2022.
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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney