Hertz Executive Pay Released in SEC Filing
The enclosed table summarizes the compensation earned in 2011 by Hertz’s named executive officers.
In an April 5 SEC Filing, Hertz Global Holdings Inc. released its top executives’ total pay. The total includes all compensation such as stock awards and incentive plan compensation (see table below - click to enlarge).
The filing highlighted that at the company’s 2011 Annual Meeting, 91% of stockholders approved the compensation paid to the executive officers in the advisory vote on executive compensation.
(1) The value for each of the years in this table reflects the full grant date fair value, and with respect to the performance stock units, assumes that all performance conditions will be achieved at the target level.
(2) Amounts with respect to 2011 reflect non-equity incentive plan compensation (EIPC) awards earned in 2011 for the 2011 performance year that were paid in February 2012. EICP awards are designed to reward the named executive officers for three performance factors: overall corporate financial performance, business unit strategic performance and individual performance. EICP awards are intended to align Hertz executives' interests with those of its stockholders and to reinforce its key strategic initiatives, while taking into account individual performance.
(3) Amounts include annual changes in the actuarial present value of accumulated pension benefits. The present value was determined using the same assumptions applicable for valuing pension benefits for purposes of Hertz’s financial statements. No named executive officer received preferential or above-market earnings on deferred compensation.
(4) All other compensation includes use of the personal aircraft, car and driver, financial planning assistance, club memberships, housing, 401(k) company matches and other items. Click here for a table of all other compensations.
(5) Data not reported for 2009 as Mr. Sider became a named executive officer in 2010.
(6) Amounts for Mr. Taride have been translated from pounds sterling to U.S. dollars at the 12-month average rate of 1.604068 for 2011, 1.54214 for 2010 and 1.559041 for 2009.
(7) Data not reported for 2009 and 2010 as Mr. Senackerib became a named executive officer in 2011.
More Rental Operations
Turo to Launch Vehicle Delivery Service
Turo Delivered will let travelers search for vehicles that hosts can deliver directly to hotels, homes, airports, train stations, and other locations.
Read More →
Palm Beach Airport Code Change Creates Car Rental Distribution Gap
A test of rental searches under the old PBI and new DJT airport codes returned largely different sets of brands and vehicles, highlighting a potential distribution problem for rental operators.
Read More →
U-Save Continues Dominican Republic Expansion with Launch in Punta Cana
The new franchise location builds on U-Save’s existing Santo Domingo operation and will begin taking reservations for October 2026.
Read More →
When AI Books the Rental Car, Who Controls the Sale?
As AI moves from comparing rental rates to completing transactions, operators need to understand how travelers find, interpret, rank, and ultimately see their offers. (Part 2 of 2.)
Read More →
European Booked Car Rental Rates Fell 5%, Results Varied by Country
Ireland, Cyprus, and the United Kingdom saw steep declines, while booked rates rose in Poland and Hungary.
Read More →
Is It Time to Rethink Rental Categories?
As traditional economy and compact cars disappear from the market, longtime rental operator Mike DeLorenzo asks whether the industry’s familiar vehicle categories still make sense — and what operators need to rethink along with them.
Read More →
Who Owns the Rate? AI Is Creating a New Distribution Problem for Car Rental
Generative Engine Optimization asks whether AI can find a rental company, but operators also need to know whether the agent inspected enough of the market, compared equivalent offers, and presented a rate the traveler can actually book. (Part 1 of 2)
Read More →
U.S. Business Travel Car Rental Rates Forecast to Rise Up to 2%
Improved fleet supply should limit pricing gains in 2026-27, while insurance, repair costs, and softer residual values continue to pressure rental operations, according to Amex GBT.
Read More →
Sixt Revenue Tops $2.4 Billion in First Half of 2026
Sixt’s first-half revenue surpassed $2.4 billion for the first time as demand outpaced fleet growth, lifting utilization and earnings despite weaker consumer sentiment in North America.
Read More →
In Memoriam: Bobby Klyce, Avis Licensee Legend
The longtime Birmingham Avis operator and 2018 Auto Rental News Impact Award recipient was remembered as an advocate for independent licensees and the broader car rental industry.
Read More →