Bernardo Hees - 09 Mar 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
Issuer symbol
CAR
Transactions as of
09 Mar 2022
Net transactions value
$0
Form type
4
Filing time
11 Mar 2022, 16:30:20 UTC
Previous filing
04 Mar 2022
Next filing
16 May 2022
SEC
View on sec.gov

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 +10,270 $0.000000 10,270 09 Mar 2022 Common Stock 10,270 $0.000000 Direct F1, F2, F3
transaction CAR Performance Based Restricted Stock Units Award $0 +10,270 $0.000000 10,270 09 Mar 2022 Common Stock 10,270 $0.000000 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.