Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2024-03-12 00:00:00 ET · period of report 2024-03-09 · accession 0000723612-24-000018 · 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 | 2024-03-12 | 2024-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | M - OptEx | $0.00 | +9,256 | 52.5K | +21% | $0 |
| D | 2024-03-12 | 2024-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | F - Tax | $111.96 | -4,294 | 48.2K | -8% | -$480.8K |
| DM | 2024-03-12 | 2024-03-09 | CAR | Linnen Edward P | EVP, Chief HR Off | M - OptEx | $0.00 | -9,256 | 590 | -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 | M | A | 9,256 | $0.00 | 52,474 | D | — | — | (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. |
| 2 | Common | Common Stock | 2024-03-09 | F | D | 4,294 | $111.96 | 48,180 | D | — | — | |
| 3 | Derivative | Performance Based Restricted Stock Units | 2024-03-09 | M | D | 5,781 | $0.00 | 0 | D | $0.00 · — to — | 5,781 Common Stock | (F3) Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. (F4) Units vested on March 9, 2024 based on the Company's attainment of pre-established performance goals. (F5) Expiration date not applicable. |
| 4 | Derivative | Restricted Stock Units | 2024-03-09 | M | D | 1,927 | $0.00 | 0 | D | $0.00 · — to — | 1,927 Common Stock | (F3) Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. (F6) Units vested in three equal installments on March 9, 2022, 2023 and 2024. (F5) Expiration date not applicable. |
| 5 | Derivative | Restricted Stock Units | 2024-03-09 | M | D | 556 | $0.00 | 557 | D | $0.00 · — to — | 556 Common Stock | (F3) Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. (F7) Units vest in three equal installments on March 9, 2023, 2024 and 2025. (F5) Expiration date not applicable. |
| 6 | Derivative | Restricted Stock Units | 2024-03-09 | M | D | 518 | $0.00 | 1,038 | D | $0.00 · — to — | 518 Common Stock | (F3) 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. (F5) Expiration date not applicable. |
| 7 | Derivative | Dividend Equivalent Units | 2024-03-09 | M | D | 474 | $0.00 | 590 | D | $0.00 · — to — | 474 Common Stock | (F10) Due to an inadvertent administrative error, the Form 4 filed on December 21, 2023 overstated the number of DEUs beneficially owned by the Reporting Person following the transaction reported therein. Amount reported reflects the correct number following the transactions reported herein, reflecting a decrease of 971 DEUs. (F9) 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. (F5) Expiration date not applicable. |