Bernardo Hees - 30 Jun 2021 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
Executive Chairman, Director
Signature
Jean M. Sera, by Power of Attorney for Bernardo Hees
Issuer symbol
CAR
Transactions as of
30 Jun 2021
Transactions value $
-$2,627,308
Form type
4
Filing time
02 Jul 2021, 17:12:01 UTC
Previous filing
04 Jun 2021
Next filing
07 Sep 2021
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 +80,093 +16% $0 573,762 30 Jun 2021 Direct F1
transaction CAR Common Stock Tax liability -$2,627,307 -33,731 -5.9% $77.89 540,031 30 Jun 2021 Direct F2
holding CAR Common Stock 1,525 30 Jun 2021 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 -14,562 -33% $0 29,125 30 Jun 2021 Common Stock 14,562 $0 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -65,531 -100% $0* 0 30 Jun 2021 Common Stock 65,531 $0 Direct F1, F4, F5
* 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 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vest in three equal installments on June 30, 2021, 2022 and 2023.
F4 Expiration date not applicable.
F5 Units vest on the one-year anniversary of the date of grant.