Form 4: Hertz Director Acquires Shares as Compensation

Hertz Global Holdings director Evangeline Vougessis acquired 2,432 shares of common stock as part of her Q4 2025 compensation.

Summary

• Evangeline Vougessis, a Director of Hertz Global Holdings, Inc. (HTZ), acquired 2,432 shares of common stock.
• The transaction occurred on December 31, 2025, at a price of $5.14 per share.
• These shares represent a phantom stock award issued in lieu of one-half of her quarterly cash retainer for the fourth quarter of 2025.
• The shares were fully vested on the transaction date and will be settled promptly after she ceases to serve as a director.
• Following this transaction, Ms. Vougessis beneficially owns 126,583 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The transaction is a routine compensation event for a director, indicating continued alignment of interests with shareholders. While not a direct open-market purchase, it reflects ongoing director involvement and a structured compensation approach.

Positives

• A director is increasing their beneficial ownership in the company, which can signal confidence in the company's future.
• The transaction is part of a pre-arranged compensation plan (Rule 10b5-1(c)), indicating structured and transparent corporate governance regarding insider transactions.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape within the vehicle rental industry.

Corporate Governance

Related Party Transactions

• The transaction involves the issuance of shares to a director as part of her compensation, which is a related party transaction inherent to executive and director remuneration.

Stakeholder Impact

• Shareholders: Increased director ownership may signal confidence and better alignment of interests between management and shareholders.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Settlement of the phantom stock award promptly following the date the Reporting Person ceases to serve as a director.

Key Dates

Keywords

Hertz Global Holdings, HTZ, Evangeline Vougessis, Director, Stock Acquisition, Phantom Stock, Compensation, SEC Form 4, Insider Transaction, Rule 10b5-1