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HERC HOLDINGS INC·4

May 18, 4:18 PM ET

Kelly Michael A 4

Research Summary

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Herc Holdings (HRI) Director Michael A. Kelly Receives 1,035 RSUs

What Happened
Michael A. Kelly, a director of Herc Holdings Inc. (HRI), was granted 1,035 restricted stock units (RSUs) on 2026-05-14. The award was reported on a Form 4 filed 2026-05-18. The units were granted at $0.00 (code A — award/grant), so there was no immediate cash transaction.

Key Details

  • Transaction date: 2026-05-14 (reported 2026-05-18). Filing appears timely (filed within the Form 4 reporting window).
  • Transaction type/code: Award of RSUs (A). Price reported: $0.00.
  • Shares/units granted: 1,035 RSUs. Total immediate cash value: $0 (no cash paid at grant).
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Footnote: The 1,035 RSUs convert to one share each at vesting; vesting occurs on the date of the Issuer’s 2027 annual meeting of stockholders and is contingent on Kelly’s continued board membership through the vesting date.

Context
This is a standard director compensation award (RSUs) rather than a market purchase or sale. RSUs do not represent immediately tradable shares — they convert to common stock only if and when they vest. Because no shares were sold or bought, this filing does not indicate a near-term liquidity event; the ultimate value will depend on HRI’s share price at the 2027 vesting date.