Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2023-03-13 00:00:00 ET · period of report 2023-03-09 · accession 0000723612-23-000027 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-13 | 2023-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | M - OptEx | $0.00 | +26.2K | 55.4K | +90% | $0 |
| D | 2023-03-13 | 2023-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | F - Tax | $208.84 | -12.1K | 43.2K | -22% | -$2.54M |
| DM | 2023-03-13 | 2023-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | A - Grant | $0.00 | +3,112 | 1,556 | New | $0 |
| DM | 2023-03-13 | 2023-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | M - OptEx | $0.00 | -26.2K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-09 | M | A | 26,192 | $0.00 | 55,360 | D | — | — | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. |
| 2 | Common | Common Stock | 2023-03-09 | F | D | 12,142 | $208.84 | 43,218 | D | — | — | |
| 3 | Derivative | Performance Based Restricted Stock Units | 2023-03-09 | A | A | 1,556 | $0.00 | 1,556 | D | $0.00 · — to — | 1,556 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F9) Units vest on March 9, 2026 based on the Company's attainment 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. (F4) Expiration date not applicable. |
| 4 | Derivative | Restricted Stock Units | 2023-03-09 | A | A | 1,556 | $0.00 | 1,556 | D | $0.00 · — to — | 1,556 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F8) Units vest in three equal installments on March 9, 2024, 2025 and 2026. (F4) Expiration date not applicable. |
| 5 | Derivative | Performance Based Restricted Stock Units | 2023-03-09 | M | D | 17,070 | $0.00 | 0 | D | $0.00 · — to — | 17,070 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F7) Units vested on March 9, 2023 based on the Company's attainment of pre-established performance goals. (F4) Expiration date not applicable. |
| 6 | Derivative | Restricted Stock Units | 2023-03-09 | M | D | 556 | $0.00 | 1,113 | D | $0.00 · — to — | 556 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F6) Units vest in three equal installments on March 9, 2023, 2024 and 2025. (F4) Expiration date not applicable. |
| 7 | Derivative | Restricted Stock Units | 2023-03-09 | M | D | 1,927 | $0.00 | 1,927 | D | $0.00 · — to — | 1,927 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F5) Units vest in three equal installments on March 9, 2022, 2023 and 2024. (F4) Expiration date not applicable. |
| 8 | Derivative | Restricted Stock Units | 2023-03-09 | M | D | 6,639 | $0.00 | 0 | D | $0.00 · — to — | 6,639 Common Stock | (F1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis. (F3) Units vested in three equal installments on March 9, 2021, 2022 and 2023. (F4) Expiration date not applicable. |