Hertz (HTZ) EVP Bussani gets RSU grant and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hertz Global Holdings executive Piero Bussani reported two stock transactions. On March 2, he acquired 173,211 shares of common stock through a grant of restricted stock units that cost him no cash. These RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date, subject to his continued employment.
On March 3, 2,646 shares of common stock were disposed of to cover tax withholding obligations tied to RSUs that vested on that date, at a price of $4.34 per share. After these transactions, he held 531,796 shares of Hertz common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bussani Piero
Role
EVP, CLO & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,646 | $4.34 | $11K |
| Grant/Award | Common Stock | 173,211 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 531,796 shares (Direct)
Footnotes (1)
- Represents shares of the Issuer's Common Stock underlying restricted stock units ("RSUs") granted to the Reporting Person on March 2, 2026. The RSUs vest in substantially equal installments on the first, second, and third anniversaries of the grant date, in each case, subject to the Reporting Person's continued employment with the Issuer or its subsidiaries on such vesting date. Represents shares of the Issuer's Common Stock that were withheld to satisfy certain tax withholding obligations related to the vesting of RSUs on March 3, 2026.
FAQ
What insider transactions did HTZ executive Piero Bussani report?
Piero Bussani reported a grant of 173,211 Hertz Global Holdings common shares via restricted stock units and a separate disposition of 2,646 shares to satisfy tax withholding obligations tied to vested RSUs. Both transactions involve equity compensation rather than open-market buying or selling.
What is the vesting schedule of the new RSUs granted to Hertz executive Bussani?
The RSUs granted on March 2, 2026 vest in substantially equal installments on the first, second, and third anniversaries of the grant date. Each installment requires Bussani to remain employed by Hertz Global Holdings or its subsidiaries through the applicable vesting date.