Stephen M. Scherr serves as the CEO of Hertz Global Holdings, Inc., having joined the company in February 2022. With a strong background in finance, Scherr previously held senior roles at Goldman Sachs for over 28 years, including Chief Financial...

Current Market Cap

$1.01B

Number of Employees

27K

Total Compensation

2022 - 2023

Trending down by -72.71% last year
Showing total compensation for the last 2022 - 2023

Stock

Down by -77.50% last year

Salary

Up by 18.18% last year

Bonus

Up by 0.00% last year

Other

Down by -53.16% last year

Year

2023

Total Compensation

$7.52M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests through performance-based incentives and competitive pay to attract and retain top talent.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 due to performance metrics not being met.

Other

$200.42K

Board Justification

Other compensation includes perquisites such as personal use of aircraft, tax gross ups, and contributions to the 401(k) plan.

Restricted Stock

$5.82M(560.52K RSU)

Board Justification

560,518 shares of time-based RSUs vested in 2023 as part of the sign-on equity awards granted upon joining the company.

Performance Metrics

The performance metrics included Adjusted Corporate EBITDA, Revenue Per Unit, and Net Promoter Score, but no PSUs were earned for 2023.

SEC Filing

From April 9, 2024

Stephen M. Scherr

Ex-CEO of Hertz Global Holdings, Inc.

SM

Education

Princeton University, Harvard Law School

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1964 - 60 years ago

Is Founder?

No

Tenure

2 years 1 month (Feb 2022 - Mar 2024)

Previous Experience

Chief Financial Officer of Goldman Sachs

View Holdings

Insider Holdings of Stephen M. Scherr

GSHTZ

$56.92M

-$17.34M (-23.35%)

Last Insider Trade

HTZ

2,802,590 shares

HTZ

Feb 28, 2022

Received