Equity awards for Avis Budget (CAR) chief accounting officer detailed

Rhea-AI Filing Summary

DeGenova Cathleen reported acquisition or exercise transactions in this Form 4 filing.

Avis Budget Group Chief Accounting Officer Cathleen DeGenova reported equity compensation awards rather than open‑market trades. On March 17, 2026, she received 1,301 restricted stock units, each convertible into one share of common stock, vesting in three equal installments on March 17, 2027, 2028 and 2029.

She also received 1,301 performance-based restricted stock units tied to pre-established performance goals, which will vest on March 17, 2029. The number of shares that ultimately vest from this performance award can range from zero to 150% of the 1,301 target units, depending on the company’s performance.

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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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^*

DeGenova Cathleen

(Last) (First) (Middle)

379 INTERPACE PARKWAY

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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

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)	03/17/2026		A		1,301		(2)	(3)	Common Stock	1,301	$0	1,301	D
Performance Based Restricted Stock Units	$0(1)	03/17/2026		A		1,301		(4)	(3)	Common Stock	1,301	$0	1,301	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. Units vest in three equal installments on March 17, 2027, 2028 and 2029.

3. Expiration date not applicable.

4. Units will vest on March 17, 2029 based on the Company's level of attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units above, depending on the achievement of such performance goals.

Remarks:

	/s/ Jean M. Sera, by Power of Attorney for Cathleen DeGenova	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Avis Budget Group (CAR) report for Cathleen DeGenova?

Avis Budget Group reported equity grants to Chief Accounting Officer Cathleen DeGenova, not market trades. She received 1,301 restricted stock units and 1,301 performance-based restricted stock units as part of her compensation package on March 17, 2026.

How many restricted stock units did the Avis Budget (CAR) CAO receive?

Cathleen DeGenova received 1,301 restricted stock units on March 17, 2026. These units convert into common stock on a one-to-one basis and vest in three equal annual installments starting in 2027 and continuing through 2029, subject to continued service.

What are the terms of the performance-based RSUs granted by Avis Budget Group (CAR)?

DeGenova received 1,301 performance-based restricted stock units on March 17, 2026. These will vest on March 17, 2029, depending on Avis Budget Group’s achievement of pre-established performance goals, with potential vesting from zero up to 150% of the 1,301 target units.

When do the time-based restricted stock units at Avis Budget Group (CAR) vest?

The time-based restricted stock units vest in three equal installments. The vesting dates are March 17, 2027, March 17, 2028 and March 17, 2029, after which each vested unit converts automatically into one share of Avis Budget Group common stock.

Does the Form 4 for Avis Budget Group (CAR) show any insider stock sales or purchases?

This Form 4 shows no open-market purchases or sales. Instead, it reports grants of restricted stock units and performance-based restricted stock units to the Chief Accounting Officer as compensation, both recorded as derivative acquisitions with no cash price per unit.

How much could the Avis Budget (CAR) performance RSU award to the CAO ultimately be worth in shares?

The performance-based award’s size in shares can range from zero to 150% of the 1,301 target units. That means the actual number of shares delivered at vesting in 2029 will depend entirely on how well Avis Budget Group meets its performance goals.