Herc Holdings (HRI) CEO logs RSU, PSU grants and tax trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Herc Holdings President & CEO Lawrence Harris, also a director, reported several stock transactions dated February 3, 2026. He received 21,100 RSUs that vest in equal parts on February 3 of 2027, 2028 and 2029, and 12,811 PSUs earned under the 2018 Omnibus Plan that will vest at the end of three-year performance periods ending in February 2027 and February 2028. He also received 12,003 shares issued from previously earned PSUs whose performance period had ended. To cover taxes on PSU and RSU vesting, 4,361 and 1,334 shares of common stock were withheld at $154.03 per share. After these transactions, Harris directly owned 221,120 shares of Herc Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Silber Lawrence Harris
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,100 | $0.00 | -- |
| Grant/Award | Common Stock | 12,811 | $0.00 | -- |
| Grant/Award | Common Stock | 12,003 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,361 | $154.03 | $672K |
| Tax Withholding | Common Stock | 1,334 | $154.03 | $205K |
Holdings After Transaction:
Common Stock — 202,001 shares (Direct)
Footnotes (1)
- Award of restricted stock units ("RSUs"), each of which represents the right to receive one share of the Issuer's common stock on the applicable vesting date (one-third of the RSUs will vest on February 3 of each of 2027, 2028 and 2029), subject to the terms and conditions of the applicable RSU agreement. Represents performance stock units ("PSUs") earned, but not vested, pursuant to outstanding performance stock unit awards granted under the 2018 Herc Holdings Omnibus Plan. The number of PSUs earned was determined based on the achievement of the performance metrics established by the Compensation Committee for the applicable annual measurement period. The earned PSUs will vest and convert into shares of common stock at the end of the applicable 3-year performance period, which is February 2027 for 7,234 shares and February 2028 for 5,577 shares. Shares issued related to performance stock units for which the three-year performance period has ended and performance has been certified. Shares withheld for taxes upon vesting of performance stock units, for which performance was previously certified. Shares withheld for taxes upon vesting of previously granted restricted stock units.
FAQ
What did Herc Holdings (HRI) disclose in this Form 4 for its CEO?
Herc Holdings (HRI) reported that President & CEO Lawrence Harris received restricted and performance-based stock awards and had shares withheld for taxes. All transactions occurred on February 3, 2026, and his direct common stock ownership increased to 221,120 shares after these movements.
How many RSUs and PSUs did the Herc Holdings (HRI) CEO receive?
Lawrence Harris received 21,100 restricted stock units, each representing one share on vesting, plus 12,811 performance stock units earned under the 2018 Herc Holdings Omnibus Plan. These PSUs relate to performance periods ending in February 2027 and February 2028, subject to plan terms.
What is the vesting schedule for the new RSUs reported by Herc Holdings (HRI)?
The 21,100 RSUs awarded to the Herc Holdings (HRI) CEO vest in three equal installments. One-third vests on February 3, 2027, one-third on February 3, 2028, and the remaining one-third on February 3, 2029, assuming all RSU agreement conditions are satisfied.
How were the performance stock units treated in this Herc Holdings (HRI) filing?
The filing states 12,811 PSUs were earned based on Compensation Committee performance metrics but not yet vested. These PSUs will convert into common shares at the end of three-year performance periods, specifically in February 2027 for 7,234 shares and February 2028 for 5,577 shares.