HERTZ GLOBAL HOLDINGS INC 4/A
4/A · HERTZ GLOBAL HOLDINGS INC · Filed Mar 27, 2014
Insider Transaction Report
Form 4/AAmended
Boyd Lois Irene
Senior Vice President
Transactions
- Award
Performance Stock Units
2014-02-19+29,962→ 70,994 total→ Common Stock (29,962 underlying) - Award
Performance Stock Units
2014-02-19+1,412→ 91,864 total→ Common Stock (1,412 underlying) - Award
Performance Stock Units
2014-02-19+19,456→ 90,450 total→ Common Stock (19,456 underlying)
Footnotes (4)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units were initially granted in 2013, and the amount of Performance Stock Units eligible for vesting is subject in part to achievement of financial performance goals during 2013 and/or combined 2013-2014. The Performance Stock Units vest in three tranches, with 33 1/3% of the award earned, based on achievement of financial performance goals during 2013, vesting on the first, second and third anniversaries of the grant date, in each case if the executive is still an employee on the applicable vesting date. Based on achievement of combined 2013-2014 financial performance goals, additional Performance Stock Units may vest on the second and third anniversaries of the grant date.
- [F2]The number of derivative securities acquired and the amount of underlying securities set forth in this row of the Form 4 of the Reporting Person filed on February 21, 2014 were incorrect as a result of incomplete 2013 financial results at the time of filing. The 2013 financial results of the Issuer have since been finalized, which resulted in changes to the number of derivative securities acquired and the amount of underlying securities set forth in this row.
- [F3]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units were initially granted in 2013, and the amount of Performance Stock Units eligible for vesting is subject to achievement of financial performance goals during 2013. The Performance Stock Units vest in three tranches, with 33 1/3% of the award earned vesting on the first, second and third anniversaries of the grant date, in each case if the executive is still an employee on the applicable vesting date.
- [F4]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units are additional Performance Stock Units earned with respect to an original grant of Performance Stock Units in 2012, based on achievement of financial performance goals during combined 2012-2013. The additional Performance Stock Units vest in two tranches, with 66 2/3% and 33 1/3% of the additional units earned vesting on the second and third anniversaries of the grant date of the original Performance Stock Units, in each case if the executive is still an employee on the applicable vesting date.