Cunningham Christian J 4

What Happened

• Christian J. Cunningham, SVP & Chief HR Officer of Herc Holdings (HRI), received a mix of restricted and performance stock awards on Feb 3, 2026 and had shares withheld to cover taxes. The filing shows awards/acquisitions of 4,220 RSUs, 2,306 PSUs (earned but not yet vested), and 2,335 shares issued from PSUs for which performance was certified. To satisfy tax withholding, 887 and 242 shares were disposed at $154.03 per share (total withheld = 1,129 shares; proceeds reported = $136,625 and $37,275; combined $173,900).
• These were compensation-related awards (code A = award/grant) and the dispositions (code F) represent shares withheld to cover tax obligations upon vesting—not open-market sales.

Key Details

• Transaction date(s): February 3, 2026; filing date: February 5, 2026 (timely; Form 4 is typically due within 2 business days).
• Price for withheld shares: $154.03 per share; total value withheld = $173,900 (887 shares = $136,625; 242 shares = $37,275).
• Award breakdown:
  • 4,220 RSUs granted (F1) — RSUs typically vest one-third on Feb 3 of 2027, 2028 and 2029.
  • 2,306 PSUs earned (F2) — earned but not yet vested; conversion scheduled at end of applicable 3-year performance periods (1,292 in Feb 2027; 1,014 in Feb 2028).
  • 2,335 shares issued from PSUs whose performance period ended and was certified (F3).
• Withholding notes: shares withheld to satisfy tax liabilities on vested PSUs/RSUs (F4, F5). These withholding dispositions are routine compensation-related transactions.
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• These transactions are compensation-related awards and routine tax-withholding dispositions rather than open-market buying or selling; they do not necessarily signal the insider’s view of the company’s stock. PSUs convert to shares only after performance periods end; RSUs vest per their schedule.