Brian J. Choi - 09 Mar 2025 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP and Chief Transformation Office
Signature
/s/ Jean M. Sera by Power of Attorney for Brian J. Choi
Issuer symbol
CAR
Transactions as of
09 Mar 2025
Net transactions value
-$221,757
Form type
4
Filing time
11 Mar 2025, 17:33:30 UTC
Previous filing
15 Mar 2024
Next filing
14 Mar 2025
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 +8,620 +8.8% $0.000000 106,064 09 Mar 2025 Direct F1
transaction CAR Common Stock Tax liability $221,757 -2,977 -2.8% $74.49 103,087 09 Mar 2025 Direct F2
holding CAR Common Stock 1,735 09 Mar 2025 By IRA

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 -5,200 -100% $0.000000 0 09 Mar 2025 Common Stock 5,200 $0.000000 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -1,541 -100% $0.000000 0 09 Mar 2025 Common Stock 1,541 $0.000000 Direct F1, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -1,437 -50% $0.000000 1,437 09 Mar 2025 Common Stock 1,437 $0.000000 Direct F1, F4, F6
transaction CAR Dividend Equivalent Units Options Exercise $0 -442 -35% $0.000000 806 09 Mar 2025 Common Stock 442 $0.000000 Direct F1, F4, 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 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vested on March 9, 2025 based on the Company's attainment of pre-established performance goals.
F4 Expiration date not applicable.
F5 Units vested in three equal installments on March 9, 2023, 2024 and 2025.
F6 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F7 Represents dividend equivalent units ("DEUs") 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. The number of shares in Column 5 includes DEUs that vested with respect to performance-based restricted stock units at the actual achievement level. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units at target.

Remarks:

EVP and Chief Transformation Office