Form 4: Herc Holdings Director Transfers Shares to Living Trust

Michael A. Kelly, a director at Herc Holdings Inc., transferred shares of common stock to The Michael A. Kelly and Karen E. Kelly Living Trust in two transactions.

Summary

• On May 31, 2024, Michael A. Kelly transferred 8,255 shares of Herc Holdings Inc. common stock to The Michael A. Kelly and Karen E. Kelly Living Trust for no consideration.
• Following this transaction, Mr. Kelly directly owns 10,233 shares and the trust owns 8,255 shares.
• On June 3, 2024, Mr. Kelly transferred an additional 9,399 shares to the same trust, also for no consideration.
• After the second transaction, Mr. Kelly directly owns 834 shares and the trust owns 17,654 shares.
• Mr. Kelly is the trustee and a beneficiary of the trust, therefore he remains the beneficial owner of the securities held by the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transfer of shares to a trust, which is neither inherently positive nor negative.

Industry Context

This is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend.

Related Party Transactions

• The transfer of shares to The Michael A. Kelly and Karen E. Kelly Living Trust is a related party transaction.

Stakeholder Impact

• The transfer of shares to a trust by a director has minimal direct impact on stakeholders.

Key Dates