Herc Holdings (NYSE: HRI) SVP uses share withholding for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Herc Holdings senior executive handles tax withholding on vested stock units. SVP & Chief HR Officer Christian J. Cunningham reported two automatic share-withholding transactions coded “F,” which indicate shares were retained by the company to cover taxes when restricted stock units vested.
On February 6, 2026, 237 shares of common stock were withheld at $180.31 per share, leaving Cunningham with 57,896 directly owned shares. On February 7, 2026, a further 201 shares were withheld at $180.31 per share, resulting in direct ownership of 57,695 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cunningham Christian J
Role
SVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 201 | $180.31 | $36K |
| Tax Withholding | Common Stock | 237 | $180.31 | $43K |
Holdings After Transaction:
Common Stock — 57,695 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HRI executive Christian J. Cunningham report?
Christian J. Cunningham reported two automatic share-withholding transactions to cover taxes on vested restricted stock units. On February 6 and 7, 2026, Herc Holdings withheld 237 and 201 common shares, respectively, at $180.31 per share, rather than Cunningham selling shares in the market.
What does transaction code F mean in the HRI Form 4 filing?
Transaction code F identifies shares withheld by the issuer to satisfy tax obligations when equity awards vest. For HRI, the filing notes shares were withheld for taxes upon vesting of previously granted restricted stock units, rather than representing discretionary open-market sales by the executive.
Were the HRI insider transactions open-market sales by the executive?
No, the transactions were not open-market sales. The Form 4 and its footnote explain that shares were withheld by Herc Holdings to cover taxes when previously granted restricted stock units vested, which is a standard administrative process instead of a voluntary share sale.