Hertz (HTZ) director Vincent Intrieri awarded 31,877 restricted stock units as annual retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hertz Global Holdings director Vincent J. Intrieri received an equity grant as part of his annual board retainer. He was awarded 31,877 shares of common stock in the form of restricted stock units at a deemed price of $0.00 per share, classified as a grant or award acquisition. These units vest in full on the earlier of the business day immediately before the next annual stockholder meeting or his departure from the Board for any reason other than termination for cause, and will settle within 30 days after he ceases to serve as a director. Following this grant, Intrieri directly holds 129,684 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
INTRIERI VINCENT J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,877 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 129,684 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 31,877 shares
Grant price: $0.00 per share
Holdings after transaction: 129,684 shares
+2 more
5 metrics
RSU grant size
31,877 shares
Equity portion of annual retainer granted on May 28, 2026
Grant price
$0.00 per share
Compensation-related grant, not an open-market purchase
Holdings after transaction
129,684 shares
Total direct Hertz common stock held after the grant
Vesting trigger
Earlier of pre-next annual meeting day or board departure
RSUs vest based on continued board service, excluding termination for cause
Settlement timing
Within 30 days after board service ends
RSUs subject to deferral election and settle after directorship ends
Key Terms
restricted stock units, annual retainer, vests in full, termination for cause, +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 the date..."
termination for cause financial
"or the date of such director's departure from the Board for any reason other than a termination for cause..."
deferral election financial
"The restricted stock units are subject to deferral election and will settle within 30 days..."
FAQ
What did Hertz (HTZ) director Vincent J. Intrieri report on this Form 4?
Vincent J. Intrieri reported receiving a grant of 31,877 restricted stock units of Hertz common stock as the equity portion of his annual board retainer, increasing his direct holdings to 129,684 shares after the transaction.
Was the Hertz (HTZ) Form 4 transaction a market purchase or sale?
The transaction was not a market trade. It was a compensation-related grant or award of 31,877 restricted stock units at a price of $0.00 per share, representing the equity component of Intrieri’s annual retainer for serving on the Hertz board.
How and when do Vincent J. Intrieri’s Hertz (HTZ) restricted stock units vest?
The restricted stock units vest in full on the earlier of the business day immediately preceding Hertz’s next annual stockholder meeting or Intrieri’s departure from the Board, provided he is not terminated for cause, aligning vesting with his continued board service.
When will the Hertz (HTZ) restricted stock units granted to Intrieri be settled?
The restricted stock units are subject to a deferral election and will settle within 30 days after Vincent J. Intrieri ceases to serve as a Hertz director, meaning actual share delivery occurs upon the end of his board service rather than at vesting.