Bernardo Hees - 09 Mar 2024 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
09 Mar 2024
Transactions value $
-$1,161,137
Form type
4
Filing time
12 Mar 2024, 17:35:51 UTC
Previous filing
05 Mar 2024
Next filing
14 May 2024
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 +25,392 +5.18% $0 515,352 09 Mar 2024 See footnote F1, F2
transaction CAR Common Stock Tax liability -$1,161,137 -10,371 -2.01% $111.96 504,981 09 Mar 2024 See footnote F2, F3
holding CAR Common Stock 1,607 09 Mar 2024 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 Performance Based Restricted Stock Units Options Exercise $0 -24,089 -100% $0* 0 09 Mar 2024 Common Stock 24,089 $0 Direct F4, F5, F6
transaction CAR Dividend Equivalent Units Options Exercise $0 -1,303 -45.02% $0 1,591 09 Mar 2024 Common Stock 1,303 $0 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
F3 Represents tax withholdings in connection with the vesting of restricted stock units.
F4 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F5 Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals.
F6 Expiration date not applicable.
F7 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.