Joseph Ferraro - Mar 9, 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
President and CEO
Signature
/s/ Jean M. Sera, by Power of Attorney for Joseph Ferraro
Stock symbol
CAR
Transactions as of
Mar 9, 2022
Transactions value $
-$2,783,614
Form type
4
Date filed
3/11/2022, 04:31 PM
Previous filing
Dec 3, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +29.2K +20.02% $0.00 175K Mar 9, 2022 Direct F1
transaction CAR Common Stock Tax liability -$2.78M -14.3K -8.17% $194.74 161K Mar 9, 2022 Direct F2
holding CAR Common Stock 2.48K Mar 9, 2022 By 401(k)

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 -15.8K -50% $0.00 15.8K Mar 9, 2022 Common Stock 15.8K $0.00 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -13.4K -33.33% $0.00 26.8K Mar 9, 2022 Common Stock 13.4K $0.00 Direct F1, F4, F5
transaction CAR Restricted Stock Units Award $0 +13.4K $0.00 13.4K Mar 9, 2022 Common Stock 13.4K $0.00 Direct F1, F4, F6
transaction CAR Performance Based Restricted Stock Units Award $0 +13.4K $0.00 13.4K Mar 9, 2022 Common Stock 13.4K $0.00 Direct F1, F4, F7
* 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 March 9, 2021, 2022 and 2023.
F4 Expiration date not applicable.
F5 Units vest in three equal installments on March 9, 2022, 2023 and 2024.
F6 Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F7 Units vest on March 9, 2025 based on the Company's attainments of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units reported above depending on achievement of such performance goals.