Kuppuswamy Murali 4
4 · HERTZ GLOBAL HOLDINGS, INC · Filed Mar 4, 2020
Insider Transaction Report
Form 4
Kuppuswamy Murali
EVP, CHRO
Transactions
- Award
Common Stock
2020-03-02+19,153→ 44,543 total - Tax Payment
Common Stock
2020-03-02−1,142→ 25,390 total - Award
Common Stock
2020-03-04+7,529→ 52,072 total
Footnotes (3)
- [F1]Shares withheld to pay tax liabilities incident to the vesting of earned Performance Stock Units "(PSUs").
- [F2]Includes 19,153 Restricted Stock Units, each of which represents a contingent right to receive one share of HTZ Common Stock, which will vest in equal installments on the first, second and third anniversaries of the grant date of March 2, 2020, subject to the continued employment of the Reporting Person by the Issuer or any subsidiary thereof through each such vesting date.
- [F3]On March 4, 2019, the Reporting Person received 30,115 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 the 2019 performance period, the combined 2019 and 2020 performance period and the combined 2019, 2020 and 2021 performance period. Following certification of 2019 performance by the Compensation Committee on March 2, 2020, the Reporting Person earned 25% of the target award based on 2019 performance. The Reporting Person is eligible to earn 50% of the target award based on combined 2019 and 2020 performance and up to 150% based on combined 2019, 2020 and 2021 performance.