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AVIS BUDGET GROUP, INC. — Director's Dealing 2025
Mar 11, 2025
30956_dirs_2025-03-11_08418680-0e68-4bf5-99e9-d54e538c301d.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: 2025-03-09
Reporting Person: Choi Brian J (EVP and CTO - see remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-09 | Common Stock | M | 8620 | — | Acquired | 106064 | Direct |
| 2025-03-09 | Common Stock | F | 2977 | $74.49 | Disposed | 103087 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-09 | Performance Based Restricted Stock Units | $0 | M | 5200 | Disposed | Common Stock (5200) | Direct | |
| 2025-03-09 | Restricted Stock Units | $0 | M | 1541 | Disposed | Common Stock (1541) | Direct | |
| 2025-03-09 | Restricted Stock Units | $0 | M | 1437 | Disposed | Common Stock (1437) | Direct | |
| 2025-03-09 | Dividend Equivalent Units | $0 | M | 442 | Disposed | Common Stock (442) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1735 | 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: Units vested on March 9, 2025 based on the Company's attainment of pre-established 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.