Bernardo Hees - Mar 9, 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
Executive Chairman, Director
Signature
Jean M. Sera, by Power of Attorney for Bernardo Hees
Stock symbol
CAR
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/11/2022, 04:30 PM
Previous filing
Mar 4, 2022
Next filing
May 16, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAR Restricted Stock Units Award $0 +10.3K $0.00 10.3K Mar 9, 2022 Common Stock 10.3K $0.00 Direct F1, F2, F3
transaction CAR Performance Based Restricted Stock Units Award $0 +10.3K $0.00 10.3K Mar 9, 2022 Common Stock 10.3K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F2 Units vest on June 30, 2023.
F3 Expiration date not applicable.
F4 Units vest on March 9, 2025 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units reported above depending on achievement of such performance goals.