Edward P. Linnen - 09 Mar 2024 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
Issuer symbol
CAR
Transactions as of
09 Mar 2024
Net transactions value
-$480,756
Form type
4
Filing time
12 Mar 2024, 18:00:14 UTC
Previous filing
22 Dec 2023
Next filing
15 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +9,256 +21% $0.000000 52,474 09 Mar 2024 Direct F1
transaction CAR Common Stock Tax liability $480,756 -4,294 -8.2% $111.96 48,180 09 Mar 2024 Direct F2
holding CAR Common Stock 3,496 09 Mar 2024 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 Performance Based Restricted Stock Units Options Exercise $0 -5,781 -100% $0.000000* 0 09 Mar 2024 Common Stock 5,781 $0.000000 Direct F3, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -1,927 -100% $0.000000* 0 09 Mar 2024 Common Stock 1,927 $0.000000 Direct F3, F5, F6
transaction CAR Restricted Stock Units Options Exercise $0 -556 -50% $0.000000 557 09 Mar 2024 Common Stock 556 $0.000000 Direct F3, F5, F7
transaction CAR Restricted Stock Units Options Exercise $0 -518 -33% $0.000000 1,038 09 Mar 2024 Common Stock 518 $0.000000 Direct F3, F5, F8
transaction CAR Dividend Equivalent Units Options Exercise $0 -474 -45% $0.000000 590 09 Mar 2024 Common Stock 474 $0.000000 Direct F5, F9, F10
* 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.
F10 Due to an inadvertent administrative error, the Form 4 filed on December 21, 2023 overstated the number of DEUs beneficially owned by the Reporting Person following the transaction reported therein. Amount reported reflects the correct number following the transactions reported herein, reflecting a decrease of 971 DEUs.