Bernardo Hees - Jun 30, 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
Jun 30, 2023
Transactions value $
-$6,400,016
Form type
4
Date filed
7/5/2023, 05:37 PM
Previous filing
Jun 6, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +24.8K +5.45% $0.00 480K Jun 30, 2023 See footnote F1, F2
transaction CAR Common Stock Options Exercise $0 +37.5K +7.81% $0.00 518K Jul 1, 2023 See footnote F1, F2
transaction CAR Common Stock Tax liability -$6.4M -28K -5.4% $228.67 490K Jul 1, 2023 See footnote F2, F3
holding CAR Common Stock 1.53K Jun 30, 2023 Held by NQ Deferred Compensation 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 -14.6K -100% $0.00* 0 Jun 30, 2023 Common Stock 14.6K $0.00 Direct F1, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -10.3K -100% $0.00* 0 Jun 30, 2023 Common Stock 10.3K $0.00 Direct F1, F5
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -37.5K -100% $0.00* 0 Jul 1, 2023 Common Stock 37.5K $0.00 Direct F1, F5, F6
* 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 Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
F3 Represents tax withholdings in connection with the vesting of restricted stock units.
F4 Units vested in three equal installments on June 30, 2021, 2022 and 2023.
F5 Expiration date not applicable.
F6 Units vested on July 1, 2023 based on the Company's attainment of pre-established performance goals.