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AVIS BUDGET GROUP, INC. — Director's Dealing 2024
Mar 12, 2024
30956_dirs_2024-03-12_cc4e37b5-b506-4d59-9172-f757bd0d1bef.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: Linnen Edward P (EVP, Chief HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-09 | Common Stock | M | 9256 | — | Acquired | 52474 | Direct |
| 2024-03-09 | Common Stock | F | 4294 | $111.96 | Disposed | 48180 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-09 | Performance Based Restricted Stock Units | $0 | M | 5781 | Disposed | Common Stock (5781) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 1927 | Disposed | Common Stock (1927) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 556 | Disposed | Common Stock (556) | Direct | |
| 2024-03-09 | Restricted Stock Units | $0 | M | 518 | Disposed | Common Stock (518) | Direct | |
| 2024-03-09 | Dividend Equivalent Units | $0 | M | 474 | Disposed | Common Stock (474) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3496 | Indirect |
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.
F10: Due to an inadvertent administrative error, the Form 4 filed on December 21, 2023 overstated the number of DEUs beneficially owned by the Reporting Person following the transaction reported therein. Amount reported reflects the correct number following the transactions reported herein, reflecting a decrease of 971 DEUs.