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
SEC: View on sec.gov

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

Showing 1 to 3 of 3 entries

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