Herc Holdings (HRI) Director Shari Burgess Receives 1,035 Phantom Shares

What Happened Shari L. Burgess, a director of Herc Holdings Inc. (HRI), was granted 1,035 units of phantom stock on May 14, 2026. The units were reported at $0.00 per unit (no cash paid); they are derivative awards that represent the economic equivalent of common shares rather than immediate issuance of tradable stock. This is an award/compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-14; Form filed: 2026-05-18 (appears timely under the two-business-day Form 4 rule).
• Reported consideration: $0.00 per unit; total reported cash value = $0.
• Units granted/acquired: 1,035 phantom stock units (derivative).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • F1: Each phantom share equals the economic equivalent of one common share.
  • F2: Phantom stock value will be distributed in shares when the reporting person leaves the board, provided the event occurs on or after the issuer’s 2027 annual meeting (or earlier upon a change of control).
  • F3: The reported units include previously reported phantom stock with different distribution conditions.

Context Phantom stock is a form of compensation that tracks the value of actual shares but does not create immediately tradable stock — it typically converts to shares or cash later under prescribed conditions. Such grants are routine director compensation and do not, by themselves, indicate buying or selling sentiment in the open market.