Ravi Simhambhatla - 21 Dec 2023 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Reporting relationship: EVP, Chief Digital & Innovation Officer
Issuer ticker: CAR
Reported as of: 21 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Dec 2023, 16:39:30 UTC
Prior SEC filing: 28 Jul 2023
Next SEC filing: 12 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla

Key filing fact

Ravi Simhambhatla filed Form 4 for AVIS BUDGET GROUP, INC. (CAR) on 22 Dec 2023.

Key facts

This page summarizes Ravi Simhambhatla's Form 4 filing for AVIS BUDGET GROUP, INC. (CAR).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 22 Dec 2023, 16:39.

Change

Previous filing in this sequence was filed on 28 Jul 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CAR transaction Derivative

Dividend Equivalent Units

Award

Transaction value: $0
Shares: +2,194
Change %
Price: $0.000000
Shares after: 2,194
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,194
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On December 5, 2023, the Issuer announced that its Board of Directors declared a special cash dividend in the amount of $10.00 per share of its Common Stock, payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023 (the "Dividend").

Footnote F2

Amount acquired represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units with respect to the Issuer's Common Stock (the "Original RSUs") held by the Reporting Person as a result of the Dividend. Each dividend equivalent unit is the economic equivalent of one share of the Issuer's Common Stock and entitles the Reporting Person to receive one share of Common Stock upon the settlement of the Original RSUs and is subject to same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates.

Footnote F3

Expiration date not applicable.

SEC remarks

EVP, Chief Digital & Innovation Officer