Eckroth Joseph F Jr 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Mar 5, 2013
Insider Transaction Report
Form 4
Eckroth Joseph F Jr
Senior Vice President, CIO
Transactions
- Exercise/Conversion
Common Stock
2013-03-01+7,095→ 156,788 total - Tax Payment
Common Stock
2013-03-01$19.82/sh−2,643$52,384→ 154,145 total - Exercise/Conversion
Performance Stock Units
2013-03-01−7,095→ 7,994 total→ Common Stock (7,095 underlying)
Footnotes (2)
- [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, contingent upon (a) the recipient's continued employment and (b) EBITDA of the issuer during the 2011 and 2012 fiscal years. The first and second tranches each consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first and second tranches vested on March 1, 2012 and March 1, 2013, respectively, and the third tranche will vest on March 1, 2014.
- [F2]Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.