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HERC HOLDINGS INC·4

Feb 5, 4:40 PM ET

Humphrey Mark 4

Research Summary

AI-generated summary

Updated

Herc Holdings (HRI) CFO Mark Humphrey Receives RSU/PSU Awards

What Happened

  • Mark Humphrey, Chief Financial Officer of Herc Holdings (HRI), was awarded a total of 9,393 shares on Feb 3, 2026 through restricted stock units (RSUs) and performance stock units (PSUs). The awards were recorded as acquisitions at $0.00 (grants).
  • To cover tax liabilities related to vesting, 1,190 shares were withheld/disposed at $154.03 per share, generating proceeds of $183,296 (three withholding transactions: 460, 472 and 258 shares).
  • These transactions are awards and tax withholding (not an open-market buy or sell). Net new shares from the grants after withholding = 9,393 − 1,190 = 8,203 shares (gross grant minus withheld shares).

Key Details

  • Transaction date: February 3, 2026. Filing date: Feb 5, 2026 (Form 4 accession filed Feb 5, 2026).
  • Acquisition lines (awards): 4,707; 2,221; 1,168; 1,297 shares — all at $0.00 (awards/RSU/PSU).
  • Withholding/dispositions for taxes: 460, 472, 258 shares at $154.03 per share (total $183,296).
  • Shares owned after the transaction: Not stated in the provided filing details.
  • Footnotes of note:
    • F1: RSUs — each RSU converts to one share; one-third of these RSUs vest on Feb 3 of 2027, 2028 and 2029.
    • F2: PSUs — 2,221 shares represent PSUs earned but not yet vested; portions vest/convert at end of 3-year performance periods (Feb 2027 and Feb 2028 for the amounts described).
    • F3: Some shares were issued for PSUs where the 3-year performance period ended and performance was certified.
    • F4/F5: Some shares were withheld to satisfy tax withholding on vested PSUs and RSUs (the withheld shares reported above).
  • No late-filing flag was provided in the supplied data.

Context

  • These are compensation-related equity awards (RSUs/PSUs). Awards are recorded as acquisitions at $0 because they are granted, not purchased.
  • The withheld shares are a routine tax-withholding method (similar to a cashless settlement) and do not necessarily indicate a discretionary sale by the insider.
  • PSUs shown as "earned but not vested" will convert to shares only after their performance periods end (per the footnotes), so some awarded amounts will vest in future years.