SEC Form 4 · accession 0001628280-18-005577
HERTZ GLOBAL HOLDINGS, INC · HTZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Frecker
Officer — EVP General Counsel
Period of report
Apr 29, 2018
Accepted (ET)
May 1, 2018 · 7:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001657853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 29, 2018 | M | 299 | — | A | 7,900 | D | |
| Common StockF2 | Apr 29, 2018 | F | 73 | $21.94 | D | 7,827 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Apr 29, 2018 | M | 299 | D | — | — | Common Stock | 299 | 0 | D |
Explanation of responses
- F1Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units were initially granted in 2015 and the amount of Performance Stock Units eligible for vesting is subject to the satisfaction of performance goals for 2016 and 2017. These Performance Stock Units are eligible for vesting based on the satisfaction of the Customer Satisfaction metric, subject to continued employment on the applicable vesting date.
- F2Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.