Edward P. Linnen - 15 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
15 Mar 2022
Net transactions value
-$1,413,638
Form type
4
Filing time
17 Mar 2022, 18:19:02 UTC
Previous filing
11 Mar 2022
Next filing
04 Nov 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 +13,164 +34% $0.000000 51,571 15 Mar 2022 Direct F1
transaction CAR Common Stock Tax liability $1,413,638 -6,103 -12% $231.63 45,468 15 Mar 2022 Direct F2
holding CAR Common Stock 3,496 15 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 -3,686 -100% $0.000000* 0 15 Mar 2022 Common Stock 3,686 $0.000000 Direct F1, F3, F4
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -9,478 -100% $0.000000* 0 15 Mar 2022 Common Stock 9,478 $0.000000 Direct F4, F5
* 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 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vest in three equal installments on March 15, 2020, 2021 and 2022.
F4 Expiration date not applicable.
F5 Units vested on March 15, 2022 based on the Company's attainment of pre-established performance goals.