---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-23-000147"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:16:36.868854+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hertz appoints Justin Keppy as COO effective Nov 15; compensation includes $10M RSU grant

## Summary
- Justin Keppy named EVP and COO, effective November 15, 2023; will oversee global day-to-day operations.
- Base salary $1.25M, short-term incentive target 100% of base, long-term equity target $2.5M.
- $750k cash make-whole award (pro-rata clawback within 24 months); $10M RSU (3-year vest) and $5M RSU (4-year cliff).
- Relocation assistance of $100k net cash plus moving expenses; legal fee reimbursement up to $10k; eligible for severance plan.
- Previously President at Carrier's North America HVAC division; also held senior roles at UTC Aerospace and U.S. Army.

## SEC filing metadata
- accession: 0001657853-23-000147
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000147/0001657853-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785323000147/htz-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-23-000147
- JSON: https://secwatch.observer/filing/0001657853-23-000147.json
- Plain text: https://secwatch.observer/filing/0001657853-23-000147.txt

## Key facts
- Executive change
  Justin Keppy was appointed as Executive Vice President, Chief Operating Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed
  - Role: Executive Vice President, Chief Operating Officer
  source text: On October 24, 2023, Hertz Global Holdings, Inc. (the “ Company ”) announced the appointment of Justin Keppy, 51, as Executive Vice President, Chief Operating Officer, with an anticipated start date of November 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000147/0001657853-23-000147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.