Bernardo Hees - Mar 9, 2023 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, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 05:32 PM
Previous filing
Mar 6, 2023
Next filing
May 15, 2023

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 +9.58K $0.00 9.58K Mar 9, 2023 Common Stock 9.58K $0.00 Direct F1, F2, F3
transaction CAR Performance Based Restricted Stock Units Award $0 +9.58K $0.00 9.58K Mar 9, 2023 Common Stock 9.58K $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 in three equal installments on March 9, 2024, 2025 and 2026.
F3 Expiration date not applicable.
F4 Units vest on March 9, 2026 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.