Form 4: Herc Holdings SVP Tamir Peres Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Tamir Peres, SVP & Chief Information Officer of Herc Holdings Inc., reports the disposal of common stock to cover tax obligations arising from vesting restricted stock units.
Summary
- Tamir Peres, a Senior Vice President & Chief Information Officer at Herc Holdings Inc. (HRI), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of common stock on February 6, 2025, February 7, 2025, and February 8, 2025, to cover tax obligations.
- A total of 260, 221, and 148 shares were disposed of at prices of $209.39, $205, and $205 respectively.
- Following these transactions, Peres directly owns 37,666 shares of Herc Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on stakeholders as they are related to tax obligations and represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Disposal of 260 shares of common stock at $209.39. |
| 02/07/2025 | Disposal of 221 shares of common stock at $205. |
| 02/08/2025 | Disposal of 148 shares of common stock at $205. |
| 02/10/2025 | Date of signature for the Form 4 filing. |
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