BLAKE FRANCIS S 4
4 · HERTZ GLOBAL HOLDINGS, INC · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Hertz (HTZ) Director Blake Francis Receives Phantom Stock Award
What Happened
Blake Francis, a director of Hertz Global Holdings, received a grant of 5,519 phantom shares on June 30, 2026. The award is recorded at $2.27 per share for a total value of $12,528. This was an award (compensation) issued in lieu of one-half of his quarterly cash retainer and represents vested phantom stock rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-30 at $2.27 per share; total value $12,528.
- Transaction type: Award/Grant (Code A) — phantom stock, not a cash purchase.
- Shares owned after transaction: Not stated in the filing.
- Footnote: The phantom shares were issued in lieu of one-half of the Q2 2026 cash retainer, vested immediately, and will be settled promptly after the reporting person ceases to serve as a director.
- Filing timeliness: Reported on 2026-07-01 for a 2026-06-30 transaction (filed timely).
Context
Phantom stock awards are a form of compensation that give the recipient a contractual right to receive stock (or cash equivalent) later; they do not represent immediately tradable shares. Such awards are routine director compensation and do not, by themselves, indicate the director buying or selling stock in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-30$2.27/sh+5,519$12,528→ 126,130 total
Footnotes (1)
- [F1]Represents shares underlying a phantom stock award that was issued to the Reporting Person on June 30, 2026, in lieu of one-half of the Reporting Person's quarterly cash retainer for the second 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.