Silber Lawrence Harris 4

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.