Joseph Ferraro - Mar 9, 2025 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, 2025
Transactions value $
-$758,457
Form type
4
Date filed
3/11/2025, 05:24 PM
Previous filing
Mar 15, 2024
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 Options Exercise $0 +24.9K +9.52% $0.00 287K Mar 9, 2025 Direct F1
transaction CAR Common Stock Tax liability -$758K -10.2K -3.55% $74.49 276K Mar 9, 2025 Direct F2
holding CAR Common Stock 2.48K Mar 9, 2025 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 Performance Based Restricted Stock Units Options Exercise $0 -15K -100% $0.00 0 Mar 9, 2025 Common Stock 15K $0.00 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -4.45K -100% $0.00 0 Mar 9, 2025 Common Stock 4.45K $0.00 Direct F1, F4, F5
transaction CAR Restricted Stock Units Options Exercise $0 -4.15K -50% $0.00 4.15K Mar 9, 2025 Common Stock 4.15K $0.00 Direct F1, F4, F6
transaction CAR Dividend Equivalent Units Options Exercise $0 -1.28K -40.35% $0.00 1.89K Mar 9, 2025 Common Stock 1.28K $0.00 Direct F1, F4, 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 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vested on March 9, 2025 based on the Company's attainment of pre-established financial performance goals.
F4 Expiration date not applicable.
F5 Units vested in three equal installments on March 9, 2023, 2024 and 2025.
F6 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F7 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.