Bernardo Hees - Jun 30, 2024 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
Director
Signature
/s/ Jean M. Sera, by Power of Attorney for Bernardo Hees
Stock symbol
CAR
Transactions as of
Jun 30, 2024
Transactions value $
-$484,973
Form type
4
Date filed
7/2/2024, 05:43 PM
Previous filing
Jun 5, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +10.1K +2% $0.00 515K Jun 30, 2024 See footnote F1, F2
transaction CAR Common Stock Tax liability -$485K -4.64K -0.9% $104.52 510K Jun 30, 2024 See footnote F2, F3
holding CAR Common Stock 2.28K Jun 30, 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 Restricted Stock Units Options Exercise $0 -9.58K -100% $0.00* 0 Jun 30, 2024 Common Stock 9.58K $0.00 Direct F1, F4, F5
transaction CAR Dividend Equivalent Units Options Exercise $0 -518 -32.56% $0.00 1.07K Jun 30, 2024 Common Stock 518 $0.00 Direct 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 full on June 30, 2024. Due to an inadvertent error, vesting terms for such time-based restricted stock units were previously incorrectly reported in the Reporting Person's Form 4 filed on March 13, 2023.
F5 Expiration date not applicable.
F6 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.