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AVIS BUDGET GROUP, INC. — Director's Dealing 2025
Mar 11, 2025
30956_dirs_2025-03-11_0fb6e13d-66ad-4527-8136-f704f3383037.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: Hees Bernardo (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-09 | Common Stock | A | 12178 | — | Acquired | 522614 | Indirect |
| 2025-03-09 | Common Stock | F | 3893 | $74.49 | Disposed | 518721 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-09 | Performance Based Restricted Stock Units | $0 | M | 11554 | Disposed | Common Stock (11554) | Direct | |
| 2025-03-09 | Dividend Equivalent Units | $0 | M | 624 | Disposed | Common Stock (624) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3713 | 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: Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
F3: Represents tax withholdings in connection with the vesting of restricted stock units.
F4: Units vested on March 9, 2025 based on the Company's attainment of pre-established performance goals.
F5: Expiration date not applicable.
F6: 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.