Form 4: Herc Holdings Director Holley Jean K Acquires Phantom Stock
SEC Form 4
Director Holley Jean K acquired 967 shares of phantom stock in Herc Holdings Inc. on May 15, 2025, according to a Form 4 filing.
Summary
- On May 15, 2025, Holley Jean K, a director of Herc Holdings Inc., acquired 967 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock.
- These shares were acquired under a plan that distributes shares of common stock following the director's departure from the board, provided it occurs on or after the company's 2026 annual meeting or earlier following a change of control.
- Following the transaction, Holley Jean K beneficially owns 14,338 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock will be converted to common stock upon the director's departure from the board, occurring on or after the 2026 annual meeting or earlier following a change of control.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Holley Jean K acquired phantom stock. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
| 2026 | Earliest date for distribution of common stock following departure from the board (annual meeting). |
Keywords
Herc Holdings Inc, Holley Jean K, phantom stock, Form 4, director, HRI, beneficial ownership, securities
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