Avis Budget CAO vests RSUs, withholds shares for tax

Avis Budget Group Chief Accounting Officer Cathleen DeGenova exercised restricted stock units that vested into common stock and had shares withheld to cover taxes.

Rhea-AI Filing Summary

Avis Budget Group Chief Accounting Officer Cathleen DeGenova exercised restricted stock units that vested into common stock and had shares withheld to cover taxes. On March 12, 2026, 705 restricted stock units automatically converted into 705 common shares. Of these, 327 common shares were disposed of to satisfy tax obligations, which is not an open-market sale. Following these transactions, DeGenova directly holds 7,487 common shares and 1,410 restricted stock units that will vest in three equal installments on March 12, 2026, 2027 and 2028.

Insider Trade Summary

705 shares exercised/converted

Exercise 3 txns

Insider DeGenova Cathleen

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	705	$0.00	$0.00
Exercise	Common Stock	705	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	327	$99.56	$33K

Holdings After Transaction: Restricted Stock Units — 1,410 contracts (Direct); Common Stock — 7,487 shares (Direct)

Footnotes (4)

1. F1. Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
2. F2. Represents tax withholdings in connection with the vesting of restricted stock units.
3. F3. Units vest in three equal installments on March 12, 2026, 2027 and 2028.
4. F4. Expiration date not applicable.

FAQ

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

Avis Budget Group reported that Chief Accounting Officer Cathleen DeGenova exercised 705 restricted stock units into common stock, with part of the shares withheld to cover taxes. This is a compensation-related event rather than an open-market stock purchase or sale.

How many Avis Budget Group shares did Cathleen DeGenova acquire and dispose of?

Cathleen DeGenova received 705 common shares from vested restricted stock units and 327 common shares were withheld to pay taxes. After these transactions, she directly holds 7,487 common shares, reflecting the net result of the vesting and tax-withholding activity.

Is the Avis Budget Group (CAR) Form 4 transaction an open-market sale?

No, the Form 4 shows no open-market sale. Shares labeled with code “F” represent 327 common shares withheld to satisfy tax liabilities from restricted stock unit vesting, a standard administrative process rather than a discretionary decision to sell shares on the open market.

How many restricted stock units does Cathleen DeGenova still hold at Avis Budget Group?

Following the reported transactions, Cathleen DeGenova holds 1,410 restricted stock units. According to the disclosure, these units vest in three equal installments on March 12, 2026, March 12, 2027 and March 12, 2028, subject to continued service conditions.

What is Cathleen DeGenova’s total Avis Budget Group share ownership after the Form 4?

After the March 12, 2026 transactions, Cathleen DeGenova directly owns 7,487 common shares of Avis Budget Group and 1,410 unvested restricted stock units. This reflects the net impact of the RSU vesting, derivative exercise and related tax-withholding disposition reported.

Why were 327 Avis Budget Group shares disposed of in the Form 4 filing?

The 327 common shares were disposed of to pay tax obligations triggered by the vesting of restricted stock units. The filing identifies this as a tax-withholding transaction, meaning the shares were delivered for taxes rather than sold in the open market for investment purposes.

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Accepted by SEC EDGAR 03/16/2026 - 04:57 PM Learn about SEC filing dates

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)
03/12/2026

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	03/12/2026		M		705	A	$0(1)	7,814	D
Common Stock	03/12/2026		F(2)		327	D	$99.56	7,487	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)	03/12/2026		M			705	(3)	(4)	Common Stock	705	$0	1,410	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 12, 2026, 2027 and 2028.

4. Expiration date not applicable.

Remarks:

	/s/ Jean M. Sera, by Power of Attorney for Cathleen DeGenova	03/16/2026
	** 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.