SCHERR STEPHEN M 4

4 · HERTZ GLOBAL HOLDINGS, INC · Filed Jan 4, 2023

Form 4

Period: 2022-12-31

DirectorChief Executive Officer

Transactions

Tax Payment
Common Stock
[F1]
2022-12-31−586,863→ 2,215,727 total
Exercise/Conversion
Common Stock
[F2]
2022-12-31+2,802,590→ 5,018,317 total
Tax Payment
Common Stock
[F3]
2022-12-31−293,432→ 4,724,885 total
Exercise/Conversion
Performance - Vested Restricted Stock Units
[F4][F5][F6]
2022-12-31−2,802,590→ 3,736,788 total
Exp: 2027-02-28→ Common Stock (2,802,590 underlying)

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.

Signature

Dane E. Allen, by Power of Attorney on behalf of Stephen M. Scherr|2023-01-04

Documents

3 files