| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/25/2023 |
3. Issuer Name and Ticker or Trading Symbol
HERTZ GLOBAL HOLDINGS, INC [ HTZ ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 28,729(1) | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Employee Stock Option (Right to Buy) | (2) | 11/09/2031 | Common Stock | 41,738 | $26.17 | D | |
| Performance - Vested Restricted Stock Units | (3) | 03/30/2025 | Common Stock | 1,497 | (3) | D | |
| Explanation of Responses: |
| 1. Consists of 4,678 shares of Hertz Global Holdings, Inc. (the "Issuer") common stock, par value $0.01 per share ("Common Stock") and 24,051 unvested shares of Common Stock underlying restricted stock units ("RSUs") pertaining to RSU awards granted on November 9, 2021, March 30, 2022, and March 3, 2023, with the following vesting schedules: 1) November 9, 2021 award: 4,638 RSUs vest on each of November 2, 2023 and November 2, 2024; 2) March 30, 2022 award: 1,550 RSUs vest on March 30, 2024 and 1,551 shares vest on March 30, 2025; and 3) March 3, 2023 award: 3,891 RSUs vest on each of March 3, 2024 and March 3, 2025, and 3,892 RSUs vest on March 3, 2026. In each case, vesting is subject to the continued employment of the reporting person by the Issuer or any subsidiary thereof through each such vesting date. |
| 2. Represents options to purchase shares of Common Stock granted to the reporting person on November 9, 2021 that vest in three equal annual tranches. The first tranche vested on November 2, 2022, and the other tranches vest on November 2, 2023 and November 2, 2024. |
| 3. Each performance-vested restricted stock unit (the "PSU") represents a contingent right to receive one share of Common Stock. The PSUs vest on March 30, 2025 subject to the reporting person's continued employment and the Issuer's achievement of a specified total stockholder return. |
| Remarks: |
| Dane E. Allen, by Power of Attorney on behalf of Kelly Galloway | 08/03/2023 | |
| ** 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 5 (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. | ||