Edward P. Linnen - Mar 9, 2023 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
Stock symbol
CAR
Transactions as of
Mar 9, 2023
Transactions value $
-$2,535,735
Form type
4
Date filed
3/13/2023, 05:40 PM
Previous filing
Feb 17, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +26.2K +89.8% $0.00 55.4K Mar 9, 2023 Direct F1
transaction CAR Common Stock Tax liability -$2.54M -12.1K -21.93% $208.84 43.2K Mar 9, 2023 Direct F2
holding CAR Common Stock 3.5K Mar 9, 2023 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 -6.64K -100% $0.00* 0 Mar 9, 2023 Common Stock 6.64K $0.00 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -1.93K -50% $0.00 1.93K Mar 9, 2023 Common Stock 1.93K $0.00 Direct F1, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -556 -33.31% $0.00 1.11K Mar 9, 2023 Common Stock 556 $0.00 Direct F1, F4, F6
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -17.1K -100% $0.00* 0 Mar 9, 2023 Common Stock 17.1K $0.00 Direct F1, F4, F7
transaction CAR Restricted Stock Units Award $0 +1.56K $0.00 1.56K Mar 9, 2023 Common Stock 1.56K $0.00 Direct F1, F4, F8
transaction CAR Performance Based Restricted Stock Units Award $0 +1.56K $0.00 1.56K Mar 9, 2023 Common Stock 1.56K $0.00 Direct F1, F4, F9
* 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 vested 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 vested on March 9, 2023 based on the Company's attainment of pre-established performance goals.
F8 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F9 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.