BLAKE FRANCIS S 4
4 · HERTZ GLOBAL HOLDINGS, INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Hertz (HTZ) Director Blake Francis S Receives Phantom Stock Award
What Happened Blake Francis S, a director of Hertz Global Holdings, received an award of 2,712 phantom shares on March 31, 2026. The award is reported at a per-share value of $4.61, for a total reported value of $12,502. This was an award issued in lieu of one-half of his quarterly cash retainer, not an open-market purchase or sale.
Key Details
- Transaction date and value: 2026-03-31; 2,712 shares × $4.61 = $12,502 reported.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: The shares represent a phantom stock award issued in lieu of one-half of the director’s Q1 2026 cash retainer; the shares were fully vested on grant and will be settled promptly after the reporting person ceases to serve as a director.
- Filing timeliness: Form filed 2026-04-01 (appears timely relative to the 2-business-day Form 4 requirement).
Context Phantom stock awards are a deferred compensation mechanism: the reporting person does not receive actual shares immediately but has a right to settlement (cash or stock) later, here upon leaving the board. Such awards are routine compensation and do not by themselves indicate the insider bought or sold company stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-31$4.61/sh+2,712$12,502→ 88,734 total
Footnotes (1)
- [F1]Represents shares underlying a phantom stock award that was issued to the Reporting Person on March 31, 2026, in lieu of one-half of the Reporting Person's quarterly cash retainer for the first quarter of 2026. The shares were fully vested on such date and will be settled promptly following the date on which the Reporting Person ceases to serve as a director.