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AVIS BUDGET GROUP, INC. — Director's Dealing 2023
Mar 13, 2023
30956_dirs_2023-03-13_e2060f70-7acc-422c-8ad5-5cf11f259eaa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2023-03-09
Reporting Person: Sera Jean M (SVP, GC, CCO & Corp. Sec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-09 | Common Stock | M | 17679 | — | Acquired | 36214 | Direct |
| 2023-03-09 | Common Stock | F | 8196 | $208.84 | Disposed | 28018 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 4426 | Disposed | Common Stock (4426.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 1445 | Disposed | Common Stock (1445.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 428 | Disposed | Common Stock (428.0) | Direct | |
| 2023-03-09 | Performance Based Restricted Stock Units | $0.0 | M | 11380 | Disposed | Common Stock (11380.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | A | 1197 | Acquired | Common Stock (1197.0) | Direct | |
| 2023-03-09 | Performance Based Restricted Stock Units | $0.0 | A | 1197 | Acquired | Common Stock (1197.0) | Direct |
Footnotes
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 such performance goals.