Director Glenn Lurie granted 1,555 Avis Budget (CAR) RSUs

Rhea-AI Filing Summary

AVIS BUDGET GROUP, INC. director Glenn Lurie reported an equity grant under the company’s non-employee director compensation program. He acquired 1,555 restricted stock units of common stock on February 20, 2026 at a reference price of $96.47 per share. These units convert into an equal number of common shares when they vest and are scheduled to fully vest one year after the grant date. Lurie also reports 16,054 common shares held indirectly through an NQ Deferred Compensation Plan, reflecting additional equity exposure tied to his board role.

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

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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^*

Lurie Glenn

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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(1)	02/20/2026		A		1,555	A	$96.47	1,555	D
Common Stock								16,054	I	Held by NQ Deferred Compensation Plan

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

Explanation of Responses:

1. Represents restricted stock units awarded as part of the Company's non-employee director compensation program. Units automatically convert to Common Stock upon vesting on a one-to-one basis. Award will fully vest on the one-year anniversary of the date of grant.

Remarks:

	/s/ Jean M. Sera, by Power of Attorney for Glenn Lurie	02/24/2026
	** 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.
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FAQ

What did Avis Budget Group (CAR) director Glenn Lurie report in this Form 4?

Director Glenn Lurie reported receiving 1,555 restricted stock units of Avis Budget Group common stock on February 20, 2026. The award is part of the company’s non-employee director compensation program and increases his equity-based exposure to the business.

At what price were Glenn Lurie’s Avis Budget Group (CAR) RSUs valued?

The 1,555 restricted stock units granted to Glenn Lurie were valued using a reference price of $96.47 per share. This price is used for reporting purposes in the Form 4, reflecting the market value at the time of the equity award.

When do Glenn Lurie’s 1,555 restricted stock units in Avis Budget Group (CAR) vest?

The 1,555 restricted stock units granted to Glenn Lurie are scheduled to fully vest one year after the grant date. Upon vesting, each unit automatically converts into one share of Avis Budget Group common stock, increasing his directly held share count.

What happens to Glenn Lurie’s Avis Budget Group (CAR) RSUs upon vesting?

Upon vesting, each of Glenn Lurie’s 1,555 restricted stock units automatically converts into one share of common stock. This one-to-one conversion turns the director’s deferred equity award into fully issued Avis Budget Group shares, aligning compensation with long-term shareholder value.

What indirect Avis Budget Group (CAR) holdings does Glenn Lurie report?

In addition to the new RSU award, Glenn Lurie reports 16,054 shares of common stock held indirectly through an NQ Deferred Compensation Plan. This plan-based holding represents additional equity exposure beyond his directly reported restricted stock units.