Hertz (HTZ) CEO receives 923,788-share RSU grant, lifting direct stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hertz Global Holdings CEO Gilbert West reported an equity compensation grant in the form of restricted stock units. He acquired 923,788 shares of common stock at a stated price of $0.00 per share through this grant or award, increasing his directly held common stock to 2,833,580 shares after the transaction.
The footnote explains that these shares represent RSUs granted on March 2, 2026, which vest in substantially equal installments on the first, second, and third anniversaries of the grant date, subject to his continued employment with Hertz or its subsidiaries on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
West W Gilbert
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 923,788 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,833,580 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hertz (HTZ) CEO Gilbert West report?
Hertz CEO Gilbert West reported an equity compensation grant of 923,788 shares of common stock. These shares come from restricted stock units awarded on March 2, 2026, and are not an open-market stock purchase or sale.
What type of Hertz (HTZ) securities were granted to the CEO?
The CEO received Hertz common stock underlying restricted stock units, or RSUs. The filing specifies that 923,788 shares of common stock are tied to this RSU grant, which represents equity-based compensation rather than a cash purchase in the market.
When do the Hertz (HTZ) CEO’s RSUs from this grant vest?
The RSUs granted to the CEO on March 2, 2026, vest in substantially equal installments over three years. Vesting occurs on the first, second, and third anniversaries of the grant date, conditioned on his continued employment with Hertz or its subsidiaries.
How does this RSU grant affect the Hertz (HTZ) CEO’s direct ownership?
Following the RSU grant, the CEO directly owns 2,833,580 shares of Hertz common stock. This figure reflects his total direct holdings immediately after the award reported in the Form 4 filing.