Bernardo Hees - Mar 9, 2025 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
Director
Signature
/s/ Jean M. Sera, by Power of Attorney for Bernardo Hees
Stock symbol
CAR
Transactions as of
Mar 9, 2025
Transactions value $
-$289,990
Form type
4
Date filed
3/11/2025, 05:20 PM
Previous filing
Mar 6, 2025
Next filing
Mar 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Award $0 +12.2K +2.39% $0.00 523K Mar 9, 2025 See footnote F1, F2
transaction CAR Common Stock Tax liability -$290K -3.89K -0.74% $74.49 519K Mar 9, 2025 See footnote F2, F3
holding CAR Common Stock 3.71K Mar 9, 2025 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 -11.6K -100% $0.00 0 Mar 9, 2025 Common Stock 11.6K $0.00 Direct F1, F4, F5
transaction CAR Dividend Equivalent Units Options Exercise $0 -624 -54.64% $0.00 518 Mar 9, 2025 Common Stock 624 $0.00 Direct F1, F5, F6
* 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, 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 Units vested on March 9, 2025 based on the Company's attainment of pre-established performance goals.
F5 Expiration date not applicable.
F6 Represents dividend equivalent units ("DEUs") 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. The number of shares in Column 5 includes DEUs that vested with respect to performance-based restricted stock units at the actual achievement level. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units at target.