Ravi Simhambhatla - 26 Jul 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP, Chief Digital & Innovation Officer
Signature
/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla
Issuer symbol
CAR
Transactions as of
26 Jul 2022
Net transactions value
$0
Form type
4
Filing time
28 Jul 2022, 17:42:53 UTC
Previous filing
06 Jul 2022
Next filing
13 Mar 2023
SEC
View on sec.gov

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 Award $0 +33,756 $0.000000 33,756 26 Jul 2022 Common Stock 33,756 $0.000000 Direct F1, F2, F3
transaction CAR Restricted Stock Units Award $0 +1,519 $0.000000 1,519 26 Jul 2022 Common Stock 1,519 $0.000000 Direct F1, F3, F4
transaction CAR Performance Based Restricted Stock Units Award $0 +1,519 $0.000000 1,519 26 Jul 2022 Common Stock 1,519 $0.000000 Direct F1, F3, 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 Units vest in two equal installments on July 26, 2024 and 2026.
F3 Expiration date not applicable.
F4 Units vest in three equal installments on July 26, 2023, 2024 and 2025.
F5 Units vest on July 26, 2025 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units reported above depending on the achievement of such performance goals.

Remarks:

EVP, Chief Digital & Innovation Officer