Form 4 for CAR AVIS BUDGET GROUP, INC.
Accepted 2025-03-11 00:00:00 ET · period of report 2025-03-09 · accession 0000723612-25-000013 · 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 | 2025-03-11 | 2025-03-09 | CAR | Ferraro Joseph A. | Pres, CEO | M - OptEx | $0.00 | +24.9K | 286.5K | +10% | $0 |
| D | 2025-03-11 | 2025-03-09 | CAR | Ferraro Joseph A. | Pres, CEO | F - Tax | $74.49 | -10.2K | 276.3K | -4% | -$758.5K |
| DM | 2025-03-11 | 2025-03-09 | CAR | Ferraro Joseph A. | Pres, CEO | M - OptEx | $0.00 | -24.9K | 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 | M | A | 24,898 | $0.00 | 286,517 | 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 | 2025-03-09 | F | D | 10,182 | $74.49 | 276,335 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2025-03-09 | M | D | 4,150 | $0.00 | 4,150 | D | $0.00 · — to — | 4,150 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) Units vest in three equal installments on March 9, 2024, 2025 and 2026. (F4) Expiration date not applicable. |
| 4 | Derivative | Restricted Stock Units | 2025-03-09 | M | D | 4,451 | $0.00 | 0 | D | $0.00 · — to — | 4,451 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. (F5) Units vested in three equal installments on March 9, 2023, 2024 and 2025. (F4) Expiration date not applicable. |
| 5 | Derivative | Dividend Equivalent Units | 2025-03-09 | M | D | 1,277 | $0.00 | 1,888 | D | $0.00 · — to — | 1,277 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. (F7) 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. (F4) Expiration date not applicable. |
| 6 | Derivative | Performance Based Restricted Stock Units | 2025-03-09 | M | D | 15,020 | $0.00 | 0 | D | $0.00 · — to — | 15,020 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. (F3) Units vested on March 9, 2025 based on the Company's attainment of pre-established financial performance goals. (F4) Expiration date not applicable. |