Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2024-03-12 00:00:00 ET · period of report 2024-03-09 · accession 0000723612-24-000012 · 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 | 2024-03-12 | 2024-03-09 | CAR | Hees Bernardo | Executive COB, Dir | F - Tax | $111.96 | -10.4K | 505.0K | -2% | -$1.16M |
| DI | 2024-03-12 | 2024-03-09 | CAR | Hees Bernardo | Executive COB, Dir | M - OptEx | $0.00 | +25.4K | 515.4K | +5% | $0 |
| DM | 2024-03-12 | 2024-03-09 | CAR | Hees Bernardo | Executive COB, Dir | M - OptEx | $0.00 | -25.4K | 1,591 | -94% | $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 | 2024-03-09 | F | D | 10,371 | $111.96 | 504,981 | I See footnote | — | — | (F2) Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed. |
| 2 | Common | Common Stock | 2024-03-09 | M | A | 25,392 | $0.00 | 515,352 | I See footnote | — | — | (F1) Represents restricted stock units and dividend equivalent units which automatically convert to Common Stock upon the vesting and settlement of such units on a one-to-one basis. (F2) Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed. |
| 3 | Derivative | Performance Based Restricted Stock Units | 2024-03-09 | M | D | 24,089 | $0.00 | 0 | D | $0.00 · — to — | 24,089 Common Stock | (F4) Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. (F5) Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals. (F6) Expiration date not applicable. |
| 4 | Derivative | Dividend Equivalent Units | 2024-03-09 | M | D | 1,303 | $0.00 | 1,591 | D | $0.00 · — to — | 1,303 Common Stock | (F7) Represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units which become exercisable proportionately, on a one-on-one basis, subject to the same terms and conditions, including vesting and settlement, as the restricted stock units to which they relate. (F6) Expiration date not applicable. |