Plescia Gerald A 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Mar 2, 2009
Insider Transaction Report
Form 4
Plescia Gerald A
Exec. V.P. & Pres. of HERC
Transactions
- Award
Performance Stock Units
2009-02-26+239,080→ 239,080 total→ Common Stock (239,080 underlying)
Footnotes (1)
- [F1]Each performance stock unit represents a contingent right to receive one share of HTZ common stock. The performance stock units vest in three tranches. The first tranche, consisting of 25% of the grant, will vest on the first anniversary of the date of grant, contingent upon (a) the Recipient's continued employment and (b) satisfaction of the consolidated leverage ratio covenants in the credit agreements governing The Hertz Corporation's senior credit facilities during the period commencing on the date of grant and ending on the first anniversary thereof. If the first tranche vests, the second and third tranches will vest on the second and third anniversaries of the date of grant contingent only upon the Recipient's continued employment. The second tranche will consist of 25% of the grant and the third tranche will consist of 50% of the grant.