[Form 4] HERTZ GLOBAL HOLDINGS, INC Insider Trading Activity

Rhea-AI Filing Summary

Michael S. Moore, EVP and Chief Operating Officer of Hertz Global Holdings (HTZ), received a grant of 147,711 restricted stock units on 10/01/2025. The award was recorded at a transaction price of $0 and increases Mr. Moore's beneficial ownership to 1,228,164 shares following the grant. The restricted stock units vest in approximately equal installments on the first, second, and third anniversaries of the grant date, subject to continued employment through each vesting date.

The Form 4 was filed as an individual report and signed by power of attorney on 10/10/2025. No derivative transactions or cash purchases are reported; this filing documents a time‑based equity grant to an executive as part of compensation.

Positive

• Retention-focused grant: 147,711 RSUs vesting over three years supports executive retention
• Non-cash award: Grant recorded at $0, indicating equity-based compensation rather than cash payout
• Substantial insider stake: Reporting person now beneficially owns 1,228,164 shares, aligning interests with shareholders

Negative

• Potential future dilution: 147,711 RSUs will increase shares outstanding when they vest
• Vesting contingent on continued employment: No accelerated vesting disclosed, so value depends on tenure and share price

Insights

Compensation & Governance Analyst

Time‑based RSUs align executive pay with retention and future stock performance.

The grant of 147,711 restricted stock units is a standard executive compensation tool that vests over three years, which helps retain the EVP while linking realized value to future share price. Because the units vest in equal annual installments, the company spreads compensation expense and incentivizes continued service through each anniversary.

The arrangement depends on continued employment and future share price; the immediate accounting or dilution impact is tied to 1,228,164 shares now beneficially owned by the reporting person. Watch annual proxy disclosures and subsequent Form 4s over the next three years for actual vesting events and any dispositions.

Equity Dilution Specialist

This grant increases insider holdings but represents future potential dilution only upon vesting.

Because the restricted stock units are granted at $0 and vest over time, they do not reflect an immediate cash purchase and will only convert to shares at vesting (subject to tax withholding or net settlement practices). The current post‑grant beneficial ownership figure shows aggregate exposure but not immediate outstanding dilution from exercised options.

Monitor the company’s outstanding share count and compensation expense disclosures in quarterly reports to quantify dilution and expense recognition over the next 3 years as installments vest.

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^*

Moore Michael S.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		147,711(1)	A	$0	1,228,164	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 a grant of restricted stock units that vests (in approximately equal installments) on the first, second, and third anniversaries of their grant date, subject to the Reporting Person's continued employment through each such vesting date.

Remarks:

	Adrian S. Nasr, by Power of Attorney from Michael S. Moore	10/10/2025
	** 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 did Michael S. Moore receive in the Form 4 filing for HTZ?

The filing reports a grant of 147,711 restricted stock units to Michael S. Moore on 10/01/2025.

How many shares does Michael S. Moore beneficially own after the grant?

The Form 4 shows 1,228,164 shares beneficially owned following the reported transaction.

When do the granted RSUs vest?

The RSUs vest in approximately equal installments on the first, second, and third anniversaries of the grant date, subject to continued employment.

Was there a cash purchase recorded for the grant?

No cash purchase is recorded; the transaction price is shown as $0, indicating a restricted stock unit grant.

Who filed the Form 4 and when was it signed?

The Form 4 was filed by Michael S. Moore as an individual and signed by power of attorney (Adrian S. Nasr) on 10/10/2025.