4//SEC Filing
Frecker Richard J 4
Accession 0001657853-19-000022
CIK 0001657853other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:37 PM ET
Size
22.6 KB
Accession
0001657853-19-000022
Insider Transaction Report
Form 4
Frecker Richard J
SVP and Acting General Counsel
Transactions
- Tax Payment
Common Stock
2019-03-04−535→ 9,095 total - Tax Payment
Common Stock
2019-03-04−489→ 10,537 total - Award
Common Stock
2019-03-04+5,076→ 15,082 total - Tax Payment
Common Stock
2019-03-04−177→ 15,629 total - Exercise/Conversion
Restricted Common Stock
2019-03-04−1,803→ 1,803 total→ Common Stock (1,803 underlying) - Tax Payment
Restricted Stock Units
2019-03-04−1,931→ 11,976 total→ Common Stock (1,931 underlying) - Exercise/Conversion
Performance Stock Units
2019-03-04−724→ 0 totalExp: 2019-03-04→ Common Stock (724 underlying) - Exercise/Conversion
Common Stock
2019-03-04+1,803→ 9,630 total - Exercise/Conversion
Common Stock
2019-03-04+1,931→ 11,026 total - Tax Payment
Common Stock
2019-03-04−531→ 10,006 total - Exercise/Conversion
Common Stock
2019-03-04+724→ 15,806 total
Footnotes (5)
- [F1]On March 2, 2018, the Reporting Person received 6,768 Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of HTZ Common Stock, that vest in equal installments on March 2, 2019, 2020 and 2021. These shares are withheld to pay tax liabilities incident to the vesting of RSUs.
- [F2]On March 2, 2018, the Reporting Person received 20,305 Performance Stock Units ("PSUs") that vest on the third anniversary of the grant date, contingent upon (a) the recipient's continued employment and (b) achievement of financial performance goals (Adjusted Corporate EBITDA) for 2018, the combined 2018 and 2019 performance period and the combined 2018, 2019 and 2020 period. The Reporting Person earned 25% of the target award based on 2018 performance. The Reporting Person is eligible to earn 50% of the target award based on 2018 performance and up to 150% based on combined 2018, 2019 and 2020 performance.
- [F3]5,408 shares of restricted stock were granted in 2017 and were earned based on achieving revenue goals for 2017. The first tranche vested on March 2, 2018 and the second tranche vested on March 2, 2019, each after the certification of performance for the restricted stock. The remaining tranche will vest on the third anniversary of the date of grant, subject to continued employment.
- [F4]Includes (1) 5,208 RSUs, each of which represents a contingent right to receive one share of HTZ Common Stock, that will vest on June 1, 2019 and (2) 6,768 RSUs that will vest on March 2, 2021, in each case, subject to the continued employment of the Reporting Person by the Issuer or any subsidiary thereof through each such vesting date.
- [F5]Each PSU represents a contingent right to receive one share of HTZ common stock. The PSUs were initially granted on March 4, 2016, and the amount of PSUs eligible for vesting is subject to achievement of customer satisfaction goals for the combined 2016, 2017 and 2018 period. All of the earned PSUs vest on March 4, 2019, subject to the Reporting Person remaining an employee of the Issuer on the vesting date.
Documents
Issuer
HERTZ GLOBAL HOLDINGS, INC
CIK 0001657853
Entity typeother
Related Parties
1- filerCIK 0001671698
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:37 PM ET
- Size
- 22.6 KB