Form 4: Herc Holdings SVP & Chief Legal Officer Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Samuel Wade Sheek, SVP & Chief Legal Officer of Herc Holdings, reports disposing of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 6, 7, and 8, 2025, Samuel Wade Sheek, the SVP & Chief Legal Officer of Herc Holdings Inc. (HRI), disposed of shares of common stock to cover tax obligations.
- A total of 243 shares were disposed of on February 6 at a price of $209.39.
- On February 7, 174 shares were disposed of at $205.
- Finally, on February 8, 133 shares were disposed of at $205.
- Following these transactions, Sheek directly owns 23,524 shares of Herc Holdings Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals, which are a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are publicly available and monitored by investors to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Disposal of 243 common stock shares at $209.39. |
| 02/07/2025 | Disposal of 174 common stock shares at $205. |
| 02/08/2025 | Disposal of 133 common stock shares at $205. |
| 02/10/2025 | Date of signature for the Form 4 filing. |
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