Patrick K. Rankin - 09 Mar 2024 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
12 Mar 2024, 17:50:58 UTC
Prior SEC filing
22 Dec 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Jean M. Sera, by Power of Attorney for Patrick K. Rankin

Key filing fact

Patrick K. Rankin filed Form 4 for AVIS BUDGET GROUP, INC. (CAR) on 12 Mar 2024.

Key facts

  • This page summarizes Patrick K. Rankin's Form 4 filing for AVIS BUDGET GROUP, INC. (CAR).
  • 7 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 12 Mar 2024, 17:50.

Change

  • Previous filing in this sequence was filed on 22 Dec 2023.
  • Current net transaction value: -$908,779.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CAR transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+17,260
Change %
+29%
Price
$0.000000
Shares after
76,932
Date
09 Mar 2024
Ownership
Direct
Footnotes
F1
CAR transaction

Common Stock

Tax liability

Transaction value
$908,779
Shares
-8,117
Change %
-11%
Price
$111.96
Shares after
68,815
Date
09 Mar 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CAR transaction Derivative

Performance Based Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-12,045
Change %
-100%
Price
$0.000000*
Shares after
0
Date
09 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,045
Exercise price
$0.000000
Footnotes
F3, F4, F5
CAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,677
Change %
-100%
Price
$0.000000*
Shares after
0
Date
09 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,677
Exercise price
$0.000000
Footnotes
F3, F5, F6
CAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-856
Change %
-50%
Price
$0.000000
Shares after
856
Date
09 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
856
Exercise price
$0.000000
Footnotes
F3, F5, F7
CAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-798
Change %
-33%
Price
$0.000000
Shares after
1,596
Date
09 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
798
Exercise price
$0.000000
Footnotes
F3, F5, F8
CAR transaction Derivative

Dividend Equivalent Units

Options Exercise

Transaction value
$0
Shares
-884
Change %
-50%
Price
$0.000000
Shares after
894
Date
09 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
884
Exercise price
$0.000000
Footnotes
F5, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote F2

Represents tax withholdings in connection with the vesting of restricted stock units.

Footnote F3

Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.

Footnote F4

Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals.

Footnote F5

Expiration date not applicable.

Footnote F6

Units vested in three equal installments on March 9, 2022, 2023 and 2024.

Footnote F7

Units vest in three equal installments on March 9, 2023, 2024 and 2025.

Footnote F8

Units vest in three equal installments on March 9, 2024, 2025 and 2026.

Footnote 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.

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