Hertz Global Holdings, INC: management transactions · United States · SEC (Form 4)

About Hertz Global Holdings, INC

Hertz Global Holdings, Inc. (NASDAQ: HTZ) is one of the world’s best-known vehicle rental and mobility companies, headquartered in Estero, Florida, in the United States. The company’s operating history dates back to 1918, while the current holding-company structure was incorporated in Delaware in 2015 to oversee its principal operating subsidiary, The Hertz Corporation. That long operating heritage gives Hertz one of the most recognizable brand platforms in the global rental-car industry, even as the business has been reshaped by post-pandemic fleet management, financing, and digital retail initiatives. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657853/000110465925033065/tm254478d2_ars.pdf)) Hertz’s core business is the rental of vehicles and related mobility services. The company operates primarily through the Hertz, Dollar, and Thrifty brands, with Firefly serving select international markets. In addition to traditional airport and off-airport car rental, Hertz also sells used vehicles through Hertz Car Sales and participates in mobility and car-sharing activities in international markets. As of December 31, 2024, Hertz reported roughly 11,200 company-operated and franchised locations across about 160 countries and jurisdictions, giving it a broad global footprint with strong exposure to airport travel and major urban centers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657853/000110465925033065/tm254478d2_ars.pdf)) From a competitive standpoint, Hertz operates in a highly contested market alongside large-scale peers such as Avis Budget Group, Enterprise Holdings, and SIXT, as well as regional rental firms, ride-hailing services, and peer-to-peer car-sharing platforms. Management has emphasized a “back-to-basics” operating strategy centered on fleet optimization, revenue quality, cost discipline, and customer experience. For investors, the most important drivers remain fleet utilization, vehicle residual values, financing capacity, and the company’s ability to convert operational improvements into durable margin expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657853/000110465925033065/tm254478d2_ars.pdf)) Recent company news suggests a business in active turnaround mode. In 2025, Hertz completed amendments and extensions to major credit facilities, strengthening financial flexibility. The company then reported a significant year-over-year improvement in second-quarter 2025 performance, highlighting better fleet management, improved utilization, and tighter cost control. Hertz also completed a $425 million exchangeable senior notes offering in late 2025, underscoring continued access to capital and investor support for its transformation strategy. For French-speaking investors, HTZ is therefore best viewed as a cyclical mobility and travel recovery story listed on the NASDAQ in the United States, with meaningful operational leverage but also execution and balance-sheet sensitivities. ([newsroom.hertz.com](https://newsroom.hertz.com/press-releases/press-release-details/hertz-strengthens-financial-foundation-through-completion-of-amended-credit-facilities/?utm_source=openai))