Key facts
- This page summarizes Stephen M. Scherr's Form 4 filing for HERTZ GLOBAL HOLDINGS, INC (HTZ).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Jan 2023, 17:58.
Stephen M. Scherr - 31 Dec 2022 Form 4 Insider Report for HERTZ GLOBAL HOLDINGS, INC (HTZ)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- HTZ
- Reported as of
- 31 Dec 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 04 Jan 2023, 17:58:08 UTC
- Prior SEC filing
- 02 Mar 2022
- Next SEC filing
- 03 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- Dane E. Allen, by Power of Attorney on behalf of Stephen M. Scherr
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Stephen M. Scherr filed Form 4 for HERTZ GLOBAL HOLDINGS, INC (HTZ) on 04 Jan 2023.
Change
- Previous filing in this sequence was filed on 02 Mar 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HTZ
transaction
Common Stock
Tax liability
- Transaction value
- $0
- Shares
- -586,863
- Change %
- -21%
- Price
- $0.000000
- Shares after
- 2,215,727
- Date
- 31 Dec 2022
- Ownership
- Direct
- Footnotes
- F1
HTZ
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +2,802,590
- Change %
- +126%
- Price
- $0.000000
- Shares after
- 5,018,317
- Date
- 31 Dec 2022
- Ownership
- Direct
- Footnotes
- F2
HTZ
transaction
Common Stock
Tax liability
- Transaction value
- $0
- Shares
- -293,432
- Change %
- -5.8%
- Price
- $0.000000
- Shares after
- 4,724,885
- Date
- 31 Dec 2022
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HTZ
transaction
Derivative
Performance - Vested Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,802,590
- Change %
- -43%
- Price
- $0.000000
- Shares after
- 3,736,788
- Date
- 31 Dec 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,802,590
- Exercise price
- Footnotes
- F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote 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.
Footnote 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.
Footnote F3
Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 560,518 Performance RSUs described in footnote 2 above.
Footnote F4
Performance RSUs convert on a one-for-one basis.
Footnote F5
Represents Performance RSUs for which specified stock price performance levels were achieved during 2022.
Footnote 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.
SEC remarks
Exhibit List: Exhibit 24 - Power of Attorney