Joseph Ferraro - Mar 9, 2024 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
President and CEO
Signature
/s/ Jean M. Sera, by Power of Attorney for Joseph Ferraro
Stock symbol
CAR
Transactions as of
Mar 9, 2024
Transactions value $
-$4,751,247
Form type
4
Date filed
3/12/2024, 05:40 PM
Previous filing
Dec 22, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +86.7K +39.86% $0.00 304K Mar 9, 2024 Direct F1
transaction CAR Common Stock Tax liability -$4.75M -42.4K -13.96% $111.96 262K Mar 9, 2024 Direct F2
holding CAR Common Stock 2.48K Mar 9, 2024 By 401(k)

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 -60.2K -100% $0.00* 0 Mar 9, 2024 Common Stock 60.2K $0.00 Direct F3, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -13.4K -100% $0.00* 0 Mar 9, 2024 Common Stock 13.4K $0.00 Direct F3, F5, F6
transaction CAR Restricted Stock Units Options Exercise $0 -4.45K -49.99% $0.00 4.45K Mar 9, 2024 Common Stock 4.45K $0.00 Direct F3, F5, F7
transaction CAR Restricted Stock Units Options Exercise $0 -4.15K -33.33% $0.00 8.3K Mar 9, 2024 Common Stock 4.15K $0.00 Direct F3, F5, F8
transaction CAR Dividend Equivalent Units Options Exercise $0 -4.45K -59.11% $0.00 3.08K Mar 9, 2024 Common Stock 4.45K $0.00 Direct F5, 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 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 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F4 Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals.
F5 Expiration date not applicable.
F6 Units vested in three equal installments on March 9, 2022, 2023 and 2024.
F7 Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F8 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F9 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.