Avis Budget Group (CAR) EVP reports RSU vesting and share tax withholding

Rhea-AI Filing Summary

AVIS BUDGET GROUP, INC. executive Edward P. Linnen, EVP and Chief HR Officer, reported routine equity compensation activity. On March 13, he exercised 958 restricted stock units that automatically converted into 958 shares of common stock, and these were reported as an award with no cash paid.

To cover tax obligations tied to this vesting, 301 common shares were withheld at a price of $100.71 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Linnen directly holds 47,415 shares of common stock. No open-market purchases or sales were reported.

Insider Trade Summary

958 shares exercised/converted

Mixed 3 txns

Insider Linnen Edward P

Role EVP, Chief HR Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	958	$0.00	--
Grant/Award	Common Stock	958	$0.00	--
Tax Withholding	Common Stock	301	$100.71	$30K

Holdings After Transaction: Restricted Stock Units — 958 shares (Direct); Common Stock — 47,716 shares (Direct)

Footnotes (1)

1. Represents restricted stock units which automatically convert to Common Stock upon the vesting 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 13, 2025, 2026 and 2027. Expiration date not applicable.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

Linnen Edward P

(Last) (First) (Middle)

379 INTERPACE PARKWAY

(Street)

PARSIPPANY NJ 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)
	EVP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		A		958	A	$0(1)	47,716	D
Common Stock	03/13/2026		F(2)		301	D	$100.71	47,415	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/13/2026		M			958	(3)	(4)	Common Stock	958	$0	958	D

Explanation of Responses:

1. Represents restricted stock units which automatically convert to Common Stock upon the vesting 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 13, 2025, 2026 and 2027.

4. Expiration date not applicable.

Remarks:

	/s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen	03/17/2026
	** 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.

FAQ

What did CAR executive Edward P. Linnen report in this Form 4?

Edward P. Linnen reported vesting of 958 restricted stock units that converted into 958 common shares. He also had 301 shares withheld to satisfy tax obligations. Following these routine compensation-related transactions, he directly holds 47,415 shares of Avis Budget Group common stock.

Were there any open-market stock purchases or sales by CAR’s Edward P. Linnen?

No open-market purchases or sales were reported. The Form 4 shows an RSU vesting that delivered 958 common shares and a related tax-withholding disposition of 301 shares. These are compensation and tax events, not discretionary market trades in Avis Budget Group stock.

How many Avis Budget Group shares were withheld for Edward P. Linnen’s taxes?

The filing shows 301 common shares withheld at $100.71 per share to cover tax liabilities from the RSU vesting. This F-code transaction reflects payment of taxes using shares, not an open-market sale, and is standard for equity compensation programs.

What is Edward P. Linnen’s Avis Budget Group shareholding after these transactions?

After the reported transactions, Edward P. Linnen directly holds 47,415 shares of Avis Budget Group common stock. This figure reflects receipt of 958 vested RSU shares and the withholding of 301 shares for taxes, as disclosed in the Form 4 filing.

How do Edward P. Linnen’s restricted stock units in CAR vest over time?

The units referenced vest in three equal installments on March 13 of 2025, 2026, and 2027. Each installment automatically converts into common stock on a one-to-one basis upon vesting, as described in the Form 4 footnotes for Avis Budget Group equity awards.

Does this Form 4 for CAR indicate a change in Edward P. Linnen’s investment stance?

The reported transactions are routine equity compensation events, not discretionary trades. They involve RSU vesting and related tax withholding. Such events generally reflect standard compensation mechanics rather than a change in Edward P. Linnen’s outlook on Avis Budget Group stock.