HRI CEO Silber Harris sells 45,816 shares for $10.9M on 2024-11-06 near 52-week high; 5 of 5 prior HRI sales were well-timed
Silber Harris (President & CEO of HERC HOLDINGS INC) executed 11 separate sales totaling 45,816 shares for $10,877,198.89 on 2024-11-06, reducing his holdings by 21.5% from 213.4K shares to 167.6K shares. The blended average sale price of $237.41 was only 2.4% below the 52-week high of $239.28, at a point when the stock had appreciated 42.6% over 30 days and 79.1% over 90 days. Notably, his prior five sales at HRI exhibited perfect timing at the 90-day mark: all five prior sells were followed by negative 90-day returns (-17.0%, -16.1%, -16.7%, -1.1%, -1.5%), establishing a consistent pattern of sales preceding stock declines at this specific ticker. This filing warrants attention as the timing and magnitude suggest a significant portfolio reduction by the CEO during a period of sharp near-term appreciation.