Joseph Ferraro - Mar 9, 2023 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
Stock symbol
CAR
Transactions as of
Mar 9, 2023
Transactions value $
-$13,139,169
Form type
4
Date filed
3/13/2023, 05:33 PM
Previous filing
Jan 4, 2023
Next filing
Dec 19, 2023
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 +128K +75.43% $0.00 299K Mar 9, 2023 Direct F1
transaction CAR Common Stock Tax liability -$13.1M -62.9K -21.06% $208.84 236K Mar 9, 2023 Direct F2
holding CAR Common Stock 2.48K Mar 9, 2023 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 -15.8K -100% $0.00* 0 Mar 9, 2023 Common Stock 15.8K $0.00 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -13.4K -50% $0.00 13.4K Mar 9, 2023 Common Stock 13.4K $0.00 Direct F1, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -4.45K -33.33% $0.00 8.9K Mar 9, 2023 Common Stock 4.45K $0.00 Direct F1, F4, F6
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -94.8K -100% $0.00* 0 Mar 9, 2023 Common Stock 94.8K $0.00 Direct F1, F4, F7
transaction CAR Restricted Stock Units Award $0 +12.5K $0.00 12.5K Mar 9, 2023 Common Stock 12.5K $0.00 Direct F1, F4, F8
transaction CAR Performance Based Restricted Stock Units Award $0 +12.5K $0.00 12.5K Mar 9, 2023 Common Stock 12.5K $0.00 Direct F1, F4, F9
* 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 vested in three equal installments on March 9, 2021, 2022 and 2023.
F4 Expiration date not applicable.
F5 Units vest in three equal installments on March 9, 2022, 2023 and 2024.
F6 Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F7 Units vested on March 9, 2023 based on the Company's attainment of pre-established performance goals.
F8 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F9 Units vest on March 9, 2026 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 achievement of performance goals.