Patrick K. Rankin - Aug 7, 2021 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
President, International
Signature
Jean M. Sera, by Power of Attorney for Patrick K. Rankin
Stock symbol
CAR
Transactions as of
Aug 7, 2021
Transactions value $
-$944,036
Form type
4
Date filed
8/10/2021, 05:29 PM
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +24K +278.07% $0.00 32.7K Aug 7, 2021 Direct F1
transaction CAR Common Stock Tax liability -$944K -11.3K -34.57% $83.58 21.4K Aug 7, 2021 Direct F2

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 -16K -100% $0.00* 0 Aug 7, 2021 Common Stock 16K $0.00 Direct F1, F3
transaction CAR Restricted Stock Units Options Exercise $0 -8.01K -50% $0.00 8.01K Aug 7, 2021 Common Stock 8.01K $0.00 Direct F1, F3, F4
* 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 converted 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 Expiration date not applicable.
F4 Units vest in three equal installments on August 7, 2020, 2021 and 2022.