SCHERR STEPHEN M 4

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

Form 4

Period: 2022-12-31

DirectorChief Executive Officer

Transactions

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

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.

Documents

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