Vougessis Evangeline 4
Research Summary
AI-generated summary
Hertz (HTZ) Director Evangeline Vougessis Receives Award
What Happened Evangeline Vougessis, a director of Hertz Global Holdings (HTZ), was granted a phantom stock award on March 31, 2026. The award covered 2,712 shares with an acquisition value of $4.61 per share, totaling $12,502. The award was issued in lieu of one-half of her quarterly cash retainer and was fully vested on the grant date (transaction reported as an "A" — award/grant).
Key Details
- Transaction date and price: 2026-03-31 at $4.61 per share (2,712 shares; total $12,502).
- Transaction type/code: Award/Grant (A); represents phantom stock rather than immediate share delivery.
- Shares owned after transaction: Not reported on this Form 4.
- Footnote: The phantom shares were fully vested on grant and will be settled promptly only after the reporting person ceases to serve as a director.
- Timeliness: Form 4 filed 2026-04-01 for a 2026-03-31 transaction; no late filing indicated.
Context Phantom stock awards are a form of deferred compensation that track share value but are typically settled in cash or stock at a later date. Because these units will be settled only when the director leaves the board, they do not represent immediately tradeable shares and therefore are not a direct market purchase or sale signal. These awards are common for non-employee directors as an alternative to cash retainers.