AI assistant
AVIS BUDGET GROUP, INC. — Director's Dealing 2023
Mar 13, 2023
30956_dirs_2023-03-13_66ffe22e-8b1b-4755-a008-48e3f43cc88f.zip
Director's Dealing
Open in viewerOpens in your device viewer
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: Linnen Edward P (EVP, Chief HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-09 | Common Stock | M | 26192 | — | Acquired | 55360 | Direct |
| 2023-03-09 | Common Stock | F | 12142 | $208.84 | Disposed | 43218 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 6639 | Disposed | Common Stock (6639.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 1927 | Disposed | Common Stock (1927.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | M | 556 | Disposed | Common Stock (556.0) | Direct | |
| 2023-03-09 | Performance Based Restricted Stock Units | $0.0 | M | 17070 | Disposed | Common Stock (17070.0) | Direct | |
| 2023-03-09 | Restricted Stock Units | $0.0 | A | 1556 | Acquired | Common Stock (1556.0) | Direct | |
| 2023-03-09 | Performance Based Restricted Stock Units | $0.0 | A | 1556 | Acquired | Common Stock (1556.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3496 | Indirect |
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.