Hertz (HTZ) director granted 2,712 phantom stock shares in lieu of cash

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 an equity-based award of 2,712 shares of common stock equivalent at a reference price of $4.61 per share. The award is structured as a phantom stock grant issued in lieu of one-half of his quarterly cash retainer for the first quarter of 2026.

The phantom shares were fully vested on March 31, 2026, and will be settled in shares promptly after he ceases serving as a director. Following this grant, Blake directly holds 88,734 shares of Hertz common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BLAKE FRANCIS S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,712	$4.61	$13K

Holdings After Transaction: Common Stock — 88,734 shares (Direct)

Footnotes (1)

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Key Figures

Phantom stock award: 2,712 shares Reference price per share: $4.61 per share Total holdings after grant: 88,734 shares

3 metrics

Phantom stock award 2,712 shares Granted March 31, 2026 in lieu of half Q1 2026 cash retainer

Reference price per share $4.61 per share Transaction price for the 2,712 phantom stock shares

Total holdings after grant 88,734 shares Common stock directly owned by Francis S. Blake after the award

Key Terms

phantom stock award, quarterly cash retainer, fully vested, settled promptly following the date on which the Reporting Person ceases to serve as a director

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 first quarter of 2026"

fully vested financial

"The shares were fully vested on such date and will be settled promptly"

settled promptly following the date on which the Reporting Person ceases to serve as a director financial

"and will be settled promptly following the date on which the Reporting Person ceases to serve as a director"

Form 4 Insider Transactions: What Each Field Means →

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^*

BLAKE FRANCIS S

(Last) (First) (Middle)

8501 WILLIAMS ROAD

(Street)

ESTERO FLORIDA 33928

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/31/2026		A		2,712(1)	A	$4.61	88,734	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 underlying a phantom stock award that was issued to the Reporting Person on March 31, 2026, in lieu of one-half of the Reporting Person's quarterly cash retainer for the first quarter of 2026. The shares were fully vested on such date and will be settled promptly following the date on which the Reporting Person ceases to serve as a director.

Remarks:

	Adrian S. Nasr, by Power of Attorney for Francis S. Blake	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Hertz (HTZ) director Francis S. Blake report?

Francis S. Blake reported receiving 2,712 phantom stock shares tied to Hertz common stock as a fully vested equity award. The grant was made in lieu of one-half of his quarterly cash retainer for the first quarter of 2026.

How many Hertz (HTZ) shares does Francis S. Blake hold after this Form 4?

After the March 31, 2026 award, Francis S. Blake directly holds 88,734 shares of Hertz common stock. This total includes the 2,712 shares underlying the newly granted phantom stock award reported in the Form 4 filing.

Was the Hertz (HTZ) insider transaction a buy or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. Blake received 2,712 phantom stock shares as part of his director compensation, issued instead of a portion of his normal quarterly cash retainer.

At what price was the Hertz (HTZ) phantom stock award valued on the grant date?

The phantom stock award was valued at $4.61 per share on March 31, 2026. This price is used as the reference transaction price per share for the 2,712 phantom stock units reported on the Form 4.

When will the Hertz (HTZ) phantom stock awarded to Francis S. Blake be settled?

The phantom stock award will be settled in shares promptly after Blake ceases to serve as a director. Although the 2,712 phantom shares vested immediately on March 31, 2026, actual share settlement occurs only upon his board service ending.

Why did Hertz (HTZ) issue phantom stock instead of cash to Francis S. Blake?

Hertz issued the phantom stock award in lieu of one-half of Blake's quarterly cash retainer for the first quarter of 2026. This structure aligns a portion of his director compensation with Hertz’s equity performance rather than paying the full amount in cash.