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Hertz (HTZ) CEO receives 923,788-share RSU grant, lifting direct stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
West W Gilbert

(Last) (First) (Middle)
8501 WILLIAMS ROAD

(Street)
ESTERO FL 33928

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HERTZ GLOBAL HOLDINGS, INC [ HTZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2026 A 923,788(1) A $0 2,833,580 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares of the Issuer's Common Stock underlying restricted stock units ("RSUs") granted to the Reporting Person on March 2, 2026. The RSUs vest in substantially equal installments on the first, second, and third anniversaries of the grant date, in each case, subject to the Reporting Person's continued employment with the Issuer or its subsidiaries on such vesting date.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Adrian S. Nasr by Power of Attorney for W. Gilbert West 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Hertz (HTZ) shares did the CEO acquire in this Form 4 filing?

The CEO acquired 923,788 shares of Hertz common stock through a grant of restricted stock units. This award increased his directly held common stock position to 2,833,580 shares immediately following the reported transaction.

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.

Is the Hertz (HTZ) CEO’s share acquisition in this filing a market purchase?

No, the acquisition is not a market purchase. The 923,788 shares come from a grant of restricted stock units awarded as compensation, at a stated price of $0.00 per share, rather than being bought on the open market.

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.
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