Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2023-12-22 00:00:00 ET · period of report 2023-12-21 · accession 0000723612-23-000070 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-12-22 | 2023-12-21 | CAR | Hees Bernardo | Executive COB, Dir | A - Grant | $0.00 | +82 | 1,607 | +5% | $0 |
| D | 2023-12-22 | 2023-12-21 | CAR | Hees Bernardo | Executive COB, Dir | A - Grant | $0.00 | +2,894 | 2,894 | New | $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 | 2023-12-21 | A | A | 82 | $0.00 | 1,607 | I Held by NQ Deferred Compensation Plan | — | — | (F2) Represents dividend equivalent units accrued as a result of the Dividend on restricted stock units awarded to the Reporting Person as part of the Company's non-employee director compensation program (the "Original RSUs"). Units automatically convert to Common Stock upon vesting or settlement, as applicable, on a one-to-one basis and, to the extent unvested, will fully vest on the same terms and conditions as the Original RSUs and, to the extent deferred under the Non-Employee Directors Deferred Compensation Plan, will be payable in accordance with the payment and/or deferral election made in accordance with the terms of the plan. |
| 2 | Derivative | Dividend Equivalent Units | 2023-12-21 | A | A | 2,894 | $0.00 | 2,894 | D | $0.00 · — to — | 2,894 Common Stock | (F1) On December 5, 2023, the Issuer announced that its Board of Directors declared a special cash dividend in the amount of $10.00 per share of its Common Stock, payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023 (the "Dividend"). (F4) Amount acquired represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units with respect to the Issuer's Common Stock (the "Original RSUs") held by the Reporting Person as a result of the Dividend. Each dividend equivalent unit is the economic equivalent of one share of the Issuer's Common Stock and entitles the Reporting Person to receive one share of Common Stock upon the settlement of the Original RSUs and is subject to same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. (F5) Expiration date not applicable. |