HERTZ GLOBAL HOLDINGS, INC — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
Hertz adopted two restated severance plans effective April 8, 2026 (general severance) and August 6, 2026 (change-in-control severance). The 2026 Severance Plan for Senior Executives provides 1.5x base salary plus bonus over 18 months for CEOs/EVPs upon qualifying termination. The 2026 Change-in-Control Severance Plan provides enhanced benefits (2.5x for CEO, 2.0x for EVPs, 1.5x for SVPs) over 30/24/18 months respectively if termination occurs within 2 years of a change in control. Both plans supersede prior 2021 versions; no dollar amounts or participant count are disclosed.
Why this rating
Routine plan restatement with no new economic obligations or changes to severance multiples disclosed; standard HR governance update.
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