Edward P. Linnen - 09 Mar 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role: EVP, Chief HR Officer
Signature: /s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen
Issuer symbol: CAR
Transactions as of: 09 Mar 2022
Net transactions value: -$718,396
Form type: 4
Filing time: 11 Mar 2022, 16:39:54 UTC
Previous filing: 05 Nov 2021
Next filing: 17 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAR	Common Stock	Options Exercise	$0	+8,565	+26%	$0.000000	42,096	09 Mar 2022	Direct	F1
transaction	CAR	Common Stock	Tax liability	$718,396	-3,689	-8.8%	$194.74	38,407	09 Mar 2022	Direct	F2
holding	CAR	Common Stock						3,496	09 Mar 2022	By 401(k) plan

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	Options Exercise	$0	-6,638	-50%	$0.000000	6,639	09 Mar 2022	Common Stock	6,638	$0.000000	Direct	F1, F3, F4
transaction	CAR	Restricted Stock Units	Options Exercise	$0	-1,927	-33%	$0.000000	3,854	09 Mar 2022	Common Stock	1,927	$0.000000	Direct	F1, F4, F5
transaction	CAR	Restricted Stock Units	Award	$0	+1,669		$0.000000	1,669	09 Mar 2022	Common Stock	1,669	$0.000000	Direct	F1, F4, F6
transaction	CAR	Performance Based Restricted Stock Units	Award	$0	+1,669		$0.000000	1,669	09 Mar 2022	Common Stock	1,669	$0.000000	Direct	F1, F4, F7

* 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 vesting of restricted stock units on a one-to-one basis.
F2	Represents tax withholdings in connection with the vesting of restricted stock units.
F3	Units vest in three equal installments on March 9, 2021, 2022 and 2023.
F4	Expiration date not applicable.
F5	Units vest in three equal installments on March 9, 2022, 2023 and 2024.
F6	Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F7	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.