Ravi Simhambhatla - 21 Dec 2023 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP, Chief Digital & Innovation Officer
Signature
/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla
Issuer symbol
CAR
Transactions as of
21 Dec 2023
Net transactions value
$0
Form type
4
Filing time
22 Dec 2023, 16:39:30 UTC
Previous filing
28 Jul 2023
Next filing
12 Mar 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAR Dividend Equivalent Units Award $0 +2,194 $0.000000 2,194 21 Dec 2023 Common Stock 2,194 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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").
F2 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.
F3 Expiration date not applicable.

Remarks:

EVP, Chief Digital & Innovation Officer