Form Type: 4

SEC EDGAR Link
Accession Number:0001657853-23-000008
Date:2022-12-31
Issuer: HERTZ GLOBAL HOLDINGS, INC (HTZ)
Original Submission Date:

Reporting Person:

SCHERR STEPHEN M
8501 WILLIAMS ROAD
ESTERO, FL 33928

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-12-31 F 586,863 d $0.00 2,215,727 direct
COMMON STOCK 2022-12-31 M 2,802,590 a $0.00 5,018,317 direct
COMMON STOCK 2022-12-31 F 293,432 d $0.00 4,724,885 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE - VESTED RESTRICTED STOCK UNITS 0.0 2022-12-31 deemed execution date M 2,802,590 (d) 2027-02-28 common stock 2,802,590 $0.00 3,736,788 direct
Footnotes
IDfootnote
f1 represents shares withheld to satisfy tax withholding obligations in connection with vesting of 1,121,036 restricted stock units ("rsus"), which reflects 40% of the 2,802,590 rsus granted to the reporting person on february 28, 2022 and previously reported on a form 4 filed on march 2, 2022.
f2 these securities result from achieving specified stock price levels during 2022 associated with the performance-vested rsus granted on february 28, 2022 (the "performance rsus"). with achievement of these stock price levels during 2022, the performance rsus vest ratably over a five-year period commencing on december 31, 2022, with the first vesting event occurring on december 31, 2022. consequently, this amount consists of two elements: 1) 560,518 shares of common stock received upon vesting of 1/5th of the performance rsus, and 2) 2,242,072 unvested rsus that vest ratably between 2023 and 2026.
f3 represents shares withheld to satisfy tax withholding obligations in connection with vesting of 560,518 performance rsus described in footnote 2 above.
f4 performance rsus convert on a one-for-one basis.
f5 represents performance rsus for which specified stock price performance levels were achieved during 2022.
f6 based on achievement of stock price levels during 2022, performance rsus vest ratably over a five-year period commencing on december 31, 2022, with the first vesting event occurring on december 31, 2022.
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