Bernardo Hees - Mar 9, 2024 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, 2024
Transactions value $
-$1,161,137
Form type
4
Date filed
3/12/2024, 05:35 PM
Previous filing
Mar 5, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +25.4K +5.18% $0.00 515K Mar 9, 2024 See footnote F1, F2
transaction CAR Common Stock Tax liability -$1.16M -10.4K -2.01% $111.96 505K Mar 9, 2024 See footnote F2, F3
holding CAR Common Stock 1.61K Mar 9, 2024 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 Performance Based Restricted Stock Units Options Exercise $0 -24.1K -100% $0.00* 0 Mar 9, 2024 Common Stock 24.1K $0.00 Direct F4, F5, F6
transaction CAR Dividend Equivalent Units Options Exercise $0 -1.3K -45.02% $0.00 1.59K Mar 9, 2024 Common Stock 1.3K $0.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units and dividend equivalent units which automatically convert to Common Stock upon the vesting and settlement 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 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F5 Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals.
F6 Expiration date not applicable.
F7 Represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units which become exercisable proportionately, on a one-on-one basis, subject to the same terms and conditions, including vesting and settlement, as the restricted stock units to which they relate.