Hertz (HTZ) director Lucy Clark Dougherty awarded 31,877-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clark Dougherty Lucy reported acquisition or exercise transactions in this Form 4 filing.
Hertz Global Holdings director Lucy Clark Dougherty received an equity-based compensation grant. On May 28, 2026, she was awarded 31,877 shares of common stock as a stock-based annual retainer, bringing her direct holdings to 102,766 shares after the grant.
The award represents restricted stock units that vest in full on the earlier of the business day immediately before the company’s next annual stockholder meeting or her departure from the board for any reason other than termination for cause. The units are subject to a deferral election and will settle in shares within 30 days after she ceases to serve as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clark Dougherty Lucy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,877 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 102,766 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 31,877 shares
Holdings after transaction: 102,766 shares
Grant price: $0.00 per share
+2 more
5 metrics
Equity grant size
31,877 shares
Restricted stock units granted May 28, 2026
Holdings after transaction
102,766 shares
Total direct ownership following the grant
Grant price
$0.00 per share
Equity portion of annual retainer compensation
Vesting trigger
Earlier of next annual meeting or board departure
Vests fully before next annual stockholder meeting or earlier qualifying departure
Settlement timing
Within 30 days
Settlement within 30 days after ceasing to serve as director
Key Terms
restricted stock units, annual retainer, vests in full, deferral election, +1 more
5 terms
restricted stock units financial
"The restricted stock units are subject to deferral election and will settle within 30 days"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual retainer financial
"Represents the equity portion of the annual retainer granted to the reporting person"
vests in full financial
"which vests in full on the earlier of the business day immediately preceding"
deferral election financial
"The restricted stock units are subject to deferral election and will settle"
termination for cause financial
"departure from the Board for any reason other than a termination for cause"
FAQ
What insider transaction did Hertz (HTZ) report for director Lucy Clark Dougherty?
Hertz reported that director Lucy Clark Dougherty received an equity grant of 31,877 shares of common stock as part of her annual retainer. This stock-based compensation increased her direct holdings to 102,766 shares after the transaction, according to the Form 4 disclosure.
Is the May 28, 2026 HTZ insider transaction a purchase or a grant?
The May 28, 2026 HTZ insider transaction is a grant, not an open-market purchase. Dougherty received 31,877 restricted stock units with a stated price of $0.00 per share as equity compensation for board service, rather than buying shares in the market.
When do Lucy Clark Dougherty’s 31,877 Hertz (HTZ) restricted stock units vest?
The 31,877 restricted stock units vest in full on the earlier of the business day immediately preceding Hertz’s next annual stockholder meeting or the date Dougherty leaves the board for any reason other than termination for cause, according to the Form 4 footnote.
How and when will the Hertz (HTZ) restricted stock units granted to Dougherty settle?
The restricted stock units are subject to a deferral election and will settle in shares within 30 days after Dougherty ceases to serve as a director. This means the actual share delivery occurs after her board service ends, not at the initial grant date.