Avis Budget (CAR) SVP reports RSU vesting and tax withholding on shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AVIS BUDGET GROUP, INC. SVP, GC, CCO & Corp. Sec. Sera Jean M reported routine equity compensation activity. On March 9, 2026, restricted stock units and dividend equivalent units converted into 421 shares of Common Stock. Of these, 196 shares were withheld at $95.89 per share to cover tax obligations tied to vesting. Following these transactions, she directly holds 36,359 shares of Common Stock. The footnotes state that the units convert to Common Stock on a one-to-one basis and vest in three equal installments on March 9, 2024, 2025 and 2026.

Insider Trade Summary

421 shares exercised/converted

Mixed 4 txns

Insider Sera Jean M

Role SVP, GC, CCO & Corp. Sec.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	399	$0.00	--
Exercise	Dividend Equivalent Units	22	$0.00	--
Exercise	Common Stock	421	$0.00	--
Tax Withholding	Common Stock	196	$95.89	$19K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Dividend Equivalent Units — 0 shares (Direct); Common Stock — 36,555 shares (Direct)

Footnotes (1)

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. Represents tax withholdings in connection with the vesting of restricted stock units. Units vest in three equal installments on March 9, 2024, 2025 and 2026. Expiration date not applicable. 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. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units.

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Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 05:19 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sera Jean M

(Last)

(First)

(Middle)

379 INTERPACE PARKWAY

(Street)

PARSIPPANY

07054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AVIS BUDGET GROUP, INC. [ CAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, GC, CCO & Corp. Sec.

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/09/2026		M		421	A	$0⁽¹⁾	36,555	D
Common Stock	03/09/2026		F⁽²⁾		196	D	$95.89	36,359	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	03/09/2026		M			399	⁽³⁾	⁽⁴⁾	Common Stock	399	$0	0	D
Dividend Equivalent Units	$0⁽¹⁾	03/09/2026		M			22	⁽⁵⁾	⁽⁴⁾	Common Stock	22	$0	0	D

Explanation of Responses:

1. 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. Represents tax withholdings in connection with the vesting of restricted stock units.

3. Units vest in three equal installments on March 9, 2024, 2025 and 2026.

4. Expiration date not applicable.

5. 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. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units.

Remarks:

	Jean M. Sera	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CAR executive Sera Jean M report?

Sera Jean M reported equity compensation activity where restricted stock units and dividend equivalent units converted into 421 shares of Avis Budget Common Stock. These transactions reflect vesting and settlement of prior awards rather than open-market buying or selling of shares.

How many Avis Budget (CAR) shares does Sera Jean M hold after this Form 4?

After the reported transactions, Sera Jean M directly holds 36,359 shares of Avis Budget Common Stock. This figure comes from the post-transaction ownership line associated with the tax-withholding disposition coded “F” in the Form 4 data.

Were any CAR shares sold on the market in this Form 4 filing?

No open-market sales were reported. The only disposition, for 196 shares at $95.89 per share, was coded “F,” indicating shares were withheld to satisfy tax liabilities related to the vesting of restricted stock units, not sold in the market.

What does the $95.89 price in the CAR Form 4 represent?

The $95.89 per-share figure is the value used for 196 shares withheld to cover tax obligations. According to the filing, this was a tax-withholding disposition tied to the vesting of restricted stock units, not a discretionary sale transaction by the executive.

How do the restricted stock units in CAR’s Form 4 convert into Common Stock?

The restricted stock units and related dividend equivalent units automatically convert into Avis Budget Common Stock on a one-to-one basis upon vesting and settlement. Footnotes explain that these units follow the same vesting schedule and terms as the underlying restricted stock awards.

What is the vesting schedule for the CAR restricted stock units in this filing?

The filing states the units vest in three equal installments on March 9, 2024, 2025, and 2026. This schedule governs when the restricted stock units and associated dividend equivalent units convert into Avis Budget Common Stock for the reporting executive.