Hertz (HTZ) director Francis Blake receives 5,519-share phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLAKE FRANCIS S reported acquisition or exercise transactions in this Form 4 filing.
Hertz Global Holdings director Francis S. Blake received a stock-based compensation grant. On June 30, 2026, he was awarded 5,519 shares of common stock at a reference price of $2.27 per share, issued as a phantom stock award in lieu of one-half of his quarterly cash retainer for the second quarter of 2026.
The award was fully vested on the grant date and will be settled in shares after he ceases to serve as a director. Following this grant, Blake directly holds 126,130 shares of Hertz common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BLAKE FRANCIS S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,519 | $2.27 | $13K |
Holdings After Transaction:
Common Stock — 126,130 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,519 shares
Grant reference price: $2.27 per share
Post-transaction holdings: 126,130 shares
+1 more
4 metrics
Shares granted
5,519 shares
Phantom stock award on June 30, 2026
Grant reference price
$2.27 per share
Value used for the June 30, 2026 award
Post-transaction holdings
126,130 shares
Direct holdings after the grant
Quarter covered
Second quarter 2026
Period for which cash retainer was partly replaced
Key Terms
phantom stock award, quarterly cash retainer, fully vested, settled promptly
4 terms
phantom stock award financial
"Represents shares underlying a phantom stock award that was issued to the Reporting Person"
quarterly cash retainer financial
"in lieu of one-half of the Reporting Person's quarterly cash retainer for the second quarter of 2026"
fully vested financial
"The shares were fully vested on such date and will be settled"
settled promptly financial
"will be settled promptly following the date on which the Reporting Person ceases to serve"
FAQ
What insider transaction did HTZ director Francis S. Blake report?
Francis S. Blake reported receiving a grant of 5,519 Hertz common shares on June 30, 2026. The award was a phantom stock grant provided as part of his director compensation for the second quarter of 2026.
Was the HTZ insider transaction by Francis S. Blake an open-market purchase or sale?
The transaction was not an open-market trade; it was a compensation-related grant. Blake received 5,519 shares through a phantom stock award in lieu of part of his quarterly cash retainer as a Hertz director.
What is a phantom stock award in the context of HTZ director compensation?
In this case, a phantom stock award represents shares granted instead of cash fees. Blake’s award replaced one-half of his second-quarter 2026 cash retainer and will be settled in shares when he stops serving as a Hertz director.
When will Francis S. Blake’s HTZ phantom stock award be settled?
The phantom stock award will be settled promptly after Blake ceases to serve as a director. Although it was fully vested on June 30, 2026, the actual share delivery is deferred until his board service ends.