Joseph Ferraro - 01 Dec 2021 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
President and CEO
Signature
/s/ Jean M. Sera, by Power of Attorney for Joseph Ferraro
Issuer symbol
CAR
Transactions as of
01 Dec 2021
Transactions value $
-$465,257
Form type
4
Filing time
03 Dec 2021, 15:39:51 UTC
Previous filing
12 Nov 2021
Next filing
11 Mar 2022
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 +3.75K +2.61% $0.00 148K 01 Dec 2021 Direct F1
transaction CAR Common Stock Tax liability -$465K -1.84K -1.24% $253.27 146K 01 Dec 2021 Direct F2
holding CAR Common Stock 2.48K 01 Dec 2021 By 401(k)

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 -3.75K -100% $0.00* 0 01 Dec 2021 Common Stock 3.75K $0.00 Direct F1, F3, F4
* 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 two equal installments on December 1, 2020 and December 1, 2021.
F4 Expiration date not applicable.