4//SEC Filing
SCHERR STEPHEN M 4
Accession 0001657853-23-000008
CIK 0001657853other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 6:58 PM ET
Size
391.9 KB
Accession
0001657853-23-000008
Insider Transaction Report
Form 4
SCHERR STEPHEN M
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2022-12-31+2,802,590→ 5,018,317 total - Tax Payment
Common Stock
2022-12-31−293,432→ 4,724,885 total - Exercise/Conversion
Performance - Vested Restricted Stock Units
2022-12-31−2,802,590→ 3,736,788 totalExp: 2027-02-28→ Common Stock (2,802,590 underlying) - Tax Payment
Common Stock
2022-12-31−586,863→ 2,215,727 total
Footnotes (6)
- [F1]Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 1,121,036 restricted stock units ("RSUs"), which reflects 40% of the 2,802,590 RSUs granted to the Reporting Person on February 28, 2022 and previously reported on a Form 4 filed on March 2, 2022.
- [F2]These securities result from achieving specified stock price levels during 2022 associated with the performance-vested RSUs granted on February 28, 2022 (the "Performance RSUs"). With achievement of these stock price levels during 2022, the Performance RSUs vest ratably over a five-year period commencing on December 31, 2022, with the first vesting event occurring on December 31, 2022. Consequently, this amount consists of two elements: 1) 560,518 shares of common stock received upon vesting of 1/5th of the Performance RSUs, and 2) 2,242,072 unvested RSUs that vest ratably between 2023 and 2026.
- [F3]Represents shares withheld to satisfy tax withholding obligations in connection with vesting of 560,518 Performance RSUs described in footnote 2 above.
- [F4]Performance RSUs convert on a one-for-one basis.
- [F5]Represents Performance RSUs for which specified stock price performance levels were achieved during 2022.
- [F6]Based on achievement of stock price levels during 2022, Performance RSUs vest ratably over a five-year period commencing on December 31, 2022, with the first vesting event occurring on December 31, 2022.
Issuer
HERTZ GLOBAL HOLDINGS, INC
CIK 0001657853
Entity typeother
Related Parties
1- filerCIK 0001754390
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 6:58 PM ET
- Size
- 391.9 KB