Olin John A 4
Research Summary
AI-generated summary
HERC Holdings (HRI) Director John A. Olin Receives 1,035 RSUs
What Happened
John A. Olin, a director of HERC Holdings Inc. (HRI), was granted 1,035 restricted stock units (RSUs) on May 14, 2026. The grant was recorded as an award/acquisition at $0.00 per share (a standard equity award, not a cash purchase). These RSUs are compensation and will convert into one share each upon vesting.
Key Details
- Transaction date: 2026-05-14 (Form filed 2026-05-18; filing is timely—within required two business days).
- Award type/code: A (grant/award/acquisition) — 1,035 RSUs @ $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The 1,035 RSUs vest on the date of HERC’s 2027 annual meeting of stockholders and are contingent on Olin’s continued service as a board member through the vesting date.
- No sale, purchase for cash, exercise, or tax-withholding sale reported with this grant.
Context
RSU grants are routine director compensation and do not represent an open-market purchase (which many investors view as a stronger bullish signal). The award establishes future ownership if the director remains in service through the vesting date; it does not immediately change market float until shares are delivered.