secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001364479-25-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Herc Holdings grants $1M retention equity to COO Aaron Birnbaum
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- COO Aaron Birnbaum receives $1M in special retention equity: 50% RSUs, 50% PSUs.
- RSUs cliff vest on third anniversary; PSUs vest Dec 31, 2027 based on performance.
- PSU performance measures: Avg ROIC (40% weight) and Avg REBITDA margin (60% weight).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000030/0001364479-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000030/hri-20250516.htm
  HTML page:      https://secwatch.observer/filing/0001364479-25-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer