Hertz Global Holdings (HTZ) director granted 5,519-share phantom award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vougessis Evangeline reported acquisition or exercise transactions in this Form 4 filing.
Hertz Global Holdings director Evangeline Vougessis received a grant of 5,519 shares of common stock on June 30, 2026, in the form of a phantom stock award. This award was issued in lieu of one-half of her quarterly cash retainer for the second quarter of 2026 and was fully vested on the grant date. After this grant, she holds 166,691 shares directly. The phantom shares will be settled in stock promptly after she ceases to serve as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vougessis Evangeline
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,519 | $2.27 | $13K |
Holdings After Transaction:
Common Stock — 166,691 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,519 shares
Indicated value per share: $2.27 per share
Total shares after grant: 166,691 shares
+1 more
4 metrics
Shares granted
5,519 shares
Phantom stock award on June 30, 2026
Indicated value per share
$2.27 per share
Grant valuation for phantom stock award
Total shares after grant
166,691 shares
Director’s direct holdings following transaction
Vesting status
Fully vested on June 30, 2026
Phantom stock award vesting condition
Key Terms
phantom stock award, quarterly cash retainer, fully vested, settled
4 terms
phantom stock award financial
"Represents shares underlying a phantom stock award that was issued to the Reporting Person on June 30, 2026, in lieu of one-half of the Reporting Person's quarterly cash retainer"
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 promptly"
settled financial
"will be settled promptly following the date on which the Reporting Person ceases to serve as a director"
FAQ
What did Hertz (HTZ) director Evangeline Vougessis report in this Form 4?
She reported receiving a grant of 5,519 shares of Hertz common stock as a phantom stock award. This award was part of her director compensation and was fully vested on June 30, 2026, increasing her direct holdings to 166,691 shares.
Why did the Hertz (HTZ) director receive a phantom stock award instead of cash?
The filing states the phantom stock award was issued in lieu of one-half of the director’s quarterly cash retainer for the second quarter of 2026. This structure compensates her partly in equity, aligning director pay with the company’s share performance.
When does the Hertz (HTZ) phantom stock award for the director become payable?
The award was fully vested on June 30, 2026, but will be settled in shares after she ceases to serve as a director. Settlement occurs promptly following the end of her board service, according to the disclosure in the Form 4 footnote.