Hertz Global (HTZ) director Francis Blake granted 31,877 RSUs in retainer
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 an equity grant of 31,877 shares of common stock as part of his annual retainer. The award was granted on May 28, 2026 at no cash cost per share. Following this grant, he directly holds 120,611 common shares.
The grant represents restricted stock units that vest in full on the earlier of the business day immediately before Hertz’s next annual stockholder meeting, or Blake’s departure from the board for any reason other than termination for cause. The units are subject to a deferral election and will be settled in shares within 30 days after he ceases to serve as a director.
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 | 31,877 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 120,611 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 31,877 shares
Post-grant holdings: 120,611 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSU grant size
31,877 shares
Equity portion of annual director retainer granted May 28, 2026
Post-grant holdings
120,611 shares
Common stock directly owned after the transaction
Grant price
$0.0000 per share
Reported transaction price for the stock grant
Grant date
May 28, 2026
Date the equity portion of the annual retainer was granted
Key Terms
restricted stock units, annual retainer, vests in full, deferral election, +1 more
5 terms
restricted stock units financial
"The restricted stock units are subject to deferral election and will settle within 30 days"
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.
annual retainer financial
"Represents the equity portion of the annual retainer granted to the reporting person"
vests in full financial
"which vests in full on the earlier of the business day immediately preceding"
deferral election financial
"The restricted stock units are subject to deferral election and will settle within 30 days"
termination for cause financial
"or the date of such director's departure from the Board for any reason other than a termination for cause"
FAQ
What did Hertz Global Holdings (HTZ) director Francis S. Blake receive in this Form 4?
Francis S. Blake received an equity grant of 31,877 Hertz Global common shares as part of his annual director retainer. This stock-based award was granted at no cash cost per share and increases his direct holdings to 120,611 shares following the transaction.
How do the new Hertz Global (HTZ) restricted stock units for Francis S. Blake vest?
The 31,877 restricted stock units vest in full on the earlier of the business day immediately before Hertz’s next annual stockholder meeting, or Blake’s departure from the board, provided it is not a termination for cause. This structure ties vesting to his board service.
When will Francis S. Blake’s Hertz Global (HTZ) restricted stock units be settled?
The restricted stock units will be settled within 30 days after Francis S. Blake ceases to serve as a Hertz Global director. The award is subject to a deferral election, meaning settlement is deferred until his board service ends, rather than occurring at the vesting date.
Is the Hertz Global (HTZ) equity grant to Francis S. Blake an open-market purchase?
No, the transaction is a grant, not an open-market purchase. The Form 4 shows 31,877 shares acquired under code "A" as the equity portion of Blake’s annual director retainer, with a reported price of $0.0000 per share, indicating compensation rather than a market buy.