Patrick K. Rankin - Aug 7, 2022 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, 2022
Transactions value $
-$4,981,280
Form type
4
Date filed
8/9/2022, 05:48 PM
Previous filing
Mar 11, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +56.1K +244.67% $0.00 79K Aug 7, 2022 Direct F1
transaction CAR Common Stock Tax liability -$4.98M -27.1K -34.25% $184.11 51.9K Aug 7, 2022 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 -8.01K -100% $0.00* 0 Aug 7, 2022 Common Stock 8.01K $0.00 Direct F1, F3, F4
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -48.1K -100% $0.00* 0 Aug 7, 2022 Common Stock 48.1K $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 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 Units vested in three equal installments on August 7, 2020, 2021 and 2022.
F4 Expiration date not applicable.
F5 Units vested on August 7, 2022 based on the Company's attainment of pre-established performance goals. The number of restricted stock units reported represents the maximum number of restricted stock units that could vest.