Bernardo Hees - Jun 30, 2021 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
Executive Chairman, Director
Signature
Jean M. Sera, by Power of Attorney for Bernardo Hees
Stock symbol
CAR
Transactions as of
Jun 30, 2021
Transactions value $
-$2,627,308
Form type
4
Date filed
7/2/2021, 05:12 PM
Previous filing
Jun 4, 2021
Next filing
Sep 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +80.1K +16.22% $0.00 574K Jun 30, 2021 Direct F1
transaction CAR Common Stock Tax liability -$2.63M -33.7K -5.88% $77.89 540K Jun 30, 2021 Direct F2
holding CAR Common Stock 1.53K Jun 30, 2021 Held by NQ Deferred Compensation Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAR Restricted Stock Units Options Exercise $0 -14.6K -33.33% $0.00 29.1K Jun 30, 2021 Common Stock 14.6K $0.00 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -65.5K -100% $0.00* 0 Jun 30, 2021 Common Stock 65.5K $0.00 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 vest in three equal installments on June 30, 2021, 2022 and 2023.
F4 Expiration date not applicable.
F5 Units vest on the one-year anniversary of the date of grant.