Silber Lawrence Harris 4
4 · HERC HOLDINGS INC · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Herc (HRI) CEO Lawrence Silber Receives Awards, Sells Shares
What Happened
- Lawrence H. Silber, President & CEO and Director of Herc Holdings (HRI), received equity awards on Feb 3, 2026 and had shares withheld to cover tax liabilities. The filing reports three grants/acquisitions totaling 45,914 shares (21,100; 12,811; 12,003) issued at $0.00. On the same date 5,695 shares were disposed at a reported price of $154.03 per share (4,361 and 1,334 shares), generating proceeds used for tax withholding totaling $877,201 (4,361 × $154.03 = $671,725; 1,334 × $154.03 = $205,476).
- This activity reflects equity awards vesting and taxes being paid via share withholding (routine, not an open-market sale).
Key Details
- Transaction date: 2026-02-03; Form filed 2026-02-05 (within typical 2-business-day Section 16 filing window).
- Awarded shares: 21,100 (RSUs), 12,811 (PSUs earned but not vested), 12,003 (PSUs for which the performance period ended and were converted to shares).
- Withheld/disposed shares: 5,695 total at $154.03 per share to satisfy tax obligations (not an open-market sale).
- Net new shares added from these events: +40,219 shares (45,914 awarded − 5,695 withheld).
- Shares owned after transaction: not explicitly stated in the filing.
- Relevant footnotes:
- F1: 21,100 RSUs (one-third vest Feb 3 of 2027, 2028, 2029).
- F2: 12,811 PSUs earned; vest/convert at end of 3-year performance periods (7,234 vest Feb 2027; 5,577 vest Feb 2028).
- F3: 12,003 PSUs converted after performance certification.
- F4/F5: Shares withheld to cover taxes for PSUs and RSUs respectively.
Context
- The disposals recorded here are tax-withholding transactions tied to vesting of RSUs/PSUs (F code = tax withholding), not discretionary sales—so they don’t necessarily signal insider sentiment about the stock.
- PSUs are performance-based and may vest only if specified performance goals are met; RSUs vest over time.
Insider Transaction Report
Form 4
Silber Lawrence Harris
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-02-03+21,100→ 202,001 total - Award
Common Stock
[F2]2026-02-03+12,811→ 214,812 total - Award
Common Stock
[F3]2026-02-03+12,003→ 226,815 total - Tax Payment
Common Stock
[F4]2026-02-03$154.03/sh−4,361$671,725→ 222,454 total - Tax Payment
Common Stock
[F5]2026-02-03$154.03/sh−1,334$205,476→ 221,120 total
Footnotes (5)
- [F1]Award of restricted stock units ("RSUs"), each of which represents the right to receive one share of the Issuer's common stock on the applicable vesting date (one-third of the RSUs will vest on February 3 of each of 2027, 2028 and 2029), subject to the terms and conditions of the applicable RSU agreement.
- [F2]Represents performance stock units ("PSUs") earned, but not vested, pursuant to outstanding performance stock unit awards granted under the 2018 Herc Holdings Omnibus Plan. The number of PSUs earned was determined based on the achievement of the performance metrics established by the Compensation Committee for the applicable annual measurement period. The earned PSUs will vest and convert into shares of common stock at the end of the applicable 3-year performance period, which is February 2027 for 7,234 shares and February 2028 for 5,577 shares.
- [F3]Shares issued related to performance stock units for which the three-year performance period has ended and performance has been certified.
- [F4]Shares withheld for taxes upon vesting of performance stock units, for which performance was previously certified.
- [F5]Shares withheld for taxes upon vesting of previously granted restricted stock units.
Signature
/s/ S. Wade Sheek by Power of Attorney|2026-02-05