BLAKE FRANCIS S 4
Research Summary
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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.