Avis Budget Group (CAR) CAO nets new shares from equity vesting

Rhea-AI Filing Summary

Avis Budget Group Chief Accounting Officer Cathleen DeGenova exercised equity awards tied to company stock. On March 9, 2026, 140 restricted stock units and 8 dividend equivalent units automatically converted into 148 shares of Common Stock upon vesting. Of these, 72 shares were withheld by the company at $95.89 per share to cover tax obligations, a non-market disposition. DeGenova’s direct Common Stock holdings increased to 7,109 shares, reflecting a net share acquisition as part of routine compensation vesting.

Insider Trade Summary

148 shares exercised/converted

Mixed 4 txns

Insider DeGenova Cathleen

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	140	$0.00	--
Exercise	Dividend Equivalent Units	8	$0.00	--
Exercise	Common Stock	148	$0.00	--
Tax Withholding	Common Stock	72	$95.89	$7K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Dividend Equivalent Units — 0 shares (Direct); Common Stock — 7,181 shares (Direct)

Footnotes (1)

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 →

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
Estimated average burden
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^*

DeGenova Cathleen

(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)
	Chief Accounting Officer

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		M		148	A	$0(1)	7,181	D
Common Stock	03/09/2026		F(2)		72	D	$95.89	7,109	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)	03/09/2026		M			140	(3)	(4)	Common Stock	140	$0	0	D
Dividend Equivalent Units	$0(1)	03/09/2026		M			8	(5)	(4)	Common Stock	8	$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:

	/s/ Jean M. Sera, by Power of Attorney for Cathleen DeGenova	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.

FAQ

What insider transaction did CAR’s Cathleen DeGenova report on this Form 4?

Cathleen DeGenova reported an equity award vesting and related tax withholding. Restricted stock units and dividend equivalent units converted into Common Stock, and some shares were withheld to pay taxes, reflecting routine compensation rather than an open-market trade.

How many Avis Budget Group (CAR) shares did DeGenova acquire through vesting?

DeGenova’s vested awards converted into 148 shares of Common Stock. These shares came from 140 restricted stock units and 8 dividend equivalent units that automatically settled into stock on a one-to-one basis as part of her equity compensation.

How many CAR shares were withheld for taxes in DeGenova’s transaction?

72 Avis Budget Group shares were withheld to cover tax obligations. The shares were valued at $95.89 each and represent payment of tax liability on the vested restricted stock units, not an open-market sale of shares by the insider.

What are DeGenova’s Avis Budget Group (CAR) holdings after this Form 4 event?

After the transactions, DeGenova directly holds 7,109 Common Stock shares. This reflects a net increase in her ownership following the vesting and settlement of restricted stock units, after accounting for the shares withheld for tax purposes.

Do Cathleen DeGenova’s CAR transactions indicate an open-market purchase or sale?

The transactions do not show an open-market purchase or sale. They reflect automatic conversion of restricted stock and dividend equivalent units into shares, with a portion withheld for taxes, which is a standard feature of equity compensation programs.