Hertz Global Holdings, Inc. (NASDAQ: HTZ) EVP reports RSU tax withholding
Rhea-AI Filing Summary
On July 22, 2026, Hertz Global Holdings, Inc. executive Sandeep Dube, EVP and Chief Commercial Officer, had 166,545 shares of common stock withheld at $1.93 per share to satisfy tax withholding obligations arising from vesting restricted stock units granted on July 22, 2024, leaving him with 1,118,203 directly held shares.
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Insider Trade Summary
Net Seller: 166,545 shares
Net Sell
1 txn
Insider
Dube Sandeep
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 166,545 | $1.93 | $321K |
Holdings After Transaction:
Common Stock — 1,118,203 shares (Direct)
Footnotes (1)
- F1. Represents shares of the Issuer's common stock that were withheld to satisfy certain tax withholding obligations related to the vesting of restricted stock units that were granted on July 22, 2024.
Key Figures
Shares Withheld for Taxes: 166,545 shares
Per-Share Value for Withholding: $1.93 per share
Shares Held After Transaction: 1,118,203 shares
+1 more
4 metrics
Shares Withheld for Taxes
166,545 shares
Common stock withheld to satisfy tax withholding obligations on July 22, 2026
Per-Share Value for Withholding
$1.93 per share
Value used for the tax-withholding disposition of 166,545 common shares
Shares Held After Transaction
1,118,203 shares
Directly held Hertz common stock by Sandeep Dube following the withholding transaction
RSU Grant Date
July 22, 2024
Grant date of restricted stock units whose vesting triggered the tax withholding
Key Terms
tax withholding obligations, restricted stock units, tax-withholding disposition
3 terms
tax withholding obligations financial
"were withheld to satisfy certain tax withholding obligations related to the vesting"
restricted stock units financial
"related to the vesting of restricted stock units that were granted on July 22, 2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hertz (HTZ) executive Sandeep Dube report in this Form 4?
Sandeep Dube reported shares withheld for taxes, not an open-market sale. 166,545 common shares were withheld at $1.93 each to cover tax withholding on vesting RSUs, leaving him with 1,118,203 directly held shares afterward.
Was the Hertz (HTZ) Form 4 transaction by Sandeep Dube a market sale?
No, the transaction was a tax-withholding disposition, not a market sale. Shares were withheld by the issuer to meet tax obligations from vesting RSUs granted on July 22, 2024, consistent with Form 4 code F for tax-liability settlements.
Which award triggered the tax withholding reported for Hertz (HTZ) executive Sandeep Dube?
The withholding related to vesting of restricted stock units granted on July 22, 2024. When those RSUs vested, Hertz withheld 166,545 common shares at $1.93 per share to cover associated tax withholding obligations for the executive.