Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2025-03-11 00:00:00 ET · period of report 2025-03-09 · accession 0000723612-25-000012 · 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 | 2025-03-11 | 2025-03-09 | CAR | Hees Bernardo | Dir | F - Tax | $74.49 | -3,893 | 518.7K | -0.7% | -$290.0K |
| DI | 2025-03-11 | 2025-03-09 | CAR | Hees Bernardo | Dir | A - Grant | $0.00 | +12.2K | 522.6K | +2% | $0 |
| DM | 2025-03-11 | 2025-03-09 | CAR | Hees Bernardo | Dir | M - OptEx | $0.00 | -12.2K | 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 | 2025-03-09 | F | D | 3,893 | $74.49 | 518,721 | 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, Bernardo Hees may be deemed to be a beneficial owner of the securities listed. |
| 2 | Common | Common Stock | 2025-03-09 | A | A | 12,178 | $0.00 | 522,614 | 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, Bernardo Hees may be deemed to be a beneficial owner of the securities listed. |
| 3 | Derivative | Dividend Equivalent Units | 2025-03-09 | M | D | 624 | $0.00 | 518 | D | $0.00 · — to — | 624 Common Stock | (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. (F6) Represents dividend equivalent units ("DEUs") 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. The number of shares in Column 5 includes DEUs that vested with respect to performance-based restricted stock units at the actual achievement level. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units at target. (F5) Expiration date not applicable. |
| 4 | Derivative | Performance Based Restricted Stock Units | 2025-03-09 | M | D | 11,554 | $0.00 | 0 | D | $0.00 · — to — | 11,554 Common Stock | (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. (F4) Units vested on March 9, 2025 based on the Company's attainment of pre-established performance goals. (F5) Expiration date not applicable. |