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AVIS BUDGET GROUP, INC. — Director's Dealing 2024
Mar 12, 2024
30956_dirs_2024-03-12_3a4a06b6-ff32-42d2-ade9-46cea9f864f6.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: 2024-03-09
Reporting Person: Sera Jean M (SVP, GC, CCO & Corp. Sec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-09 | Common Stock | M | 6966 | — | Acquired | 34984 | Direct |
| 2024-03-09 | Common Stock | F | 3233 | $111.96 | Disposed | 31751 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-09 | Performance Based Restricted Stock Units | $0 | M | 4337 | Disposed | Common Stock (4337) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 1446 | Disposed | Common Stock (1446) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 428 | Disposed | Common Stock (428) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 399 | Disposed | Common Stock (399) | Direct | |
| 2024-03-09 | Dividend Equivalent Units | $0 | M | 356 | Disposed | Common Stock (356) | Direct |
Footnotes
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: Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F4: Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals.
F5: Expiration date not applicable.
F6: Units vested in three equal installments on March 9, 2022, 2023 and 2024.
F7: Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F8: Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F9: Represents dividend equivalent units 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.