Ravi Simhambhatla - 13 Mar 2024 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP, Chief Digital and Innovation Officer
Signature
/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla
Issuer symbol
CAR
Transactions as of
13 Mar 2024
Net transactions value
$0
Form type
4
Filing time
15 Mar 2024, 17:18:50 UTC
Previous filing
12 Mar 2024
Next filing
30 Jul 2024
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 +3,979 $0.000000 3,979 13 Mar 2024 Common Stock 3,979 $0.000000 Direct F1, F2, F3
transaction CAR Performance Based Restricted Stock Units Award $0 +3,979 $0.000000 3,979 13 Mar 2024 Common Stock 3,979 $0.000000 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 Units vest in three equal installments on March 13, 2025, 2026 and 2027.
F3 Expiration date not applicable.
F4 Units vest on March 13, 2027 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 such performance goals.

Remarks:

EVP, Chief Digital and Innovation Officer