secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001657853-23-000147
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785323000147/0001657853-23-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785323000147/htz-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001657853-23-000147

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