Avis Budget Group (CAR) GC Jean Sera granted time and performance RSUs

Rhea-AI Filing Summary

Avis Budget Group reported that executive Jean M. Sera, its SVP, General Counsel, Chief Compliance Officer and Corporate Secretary, received equity-based compensation in the form of restricted stock units. She was granted 2,493 restricted stock units that convert into common stock on a one-to-one basis as they vest in three equal installments on March 17, 2027, 2028 and 2029. She was also granted 2,493 performance-based restricted stock units, which may vest on March 17, 2029 depending on the company’s achievement of pre-set performance goals, with the actual units vesting ranging from zero up to 150% of the target amount.

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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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^*

Sera Jean M

(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)
	SVP, GC, CCO & Corp. Sec.

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		2,493		(2)	(3)	Common Stock	2,493	$0	2,493	D
Performance Based Restricted Stock Units	$0(1)	03/17/2026		A		2,493		(4)	(3)	Common Stock	2,493	$0	2,493	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:

	Jean M. Sera	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 transaction did Avis Budget Group (CAR) report for Jean M. Sera?

Avis Budget Group reported that executive Jean M. Sera received equity grants. She was awarded 2,493 time-based restricted stock units and 2,493 performance-based restricted stock units as part of her compensation, all settling in common stock upon vesting.

How many restricted stock units did Jean M. Sera receive at Avis Budget Group (CAR)?

Jean M. Sera received 2,493 restricted stock units and 2,493 performance-based restricted stock units. Both awards convert into common stock on a one-to-one basis when they vest, aligning her compensation with long-term company performance.

What is the vesting schedule for Jean M. Sera’s restricted stock units at CAR?

Her 2,493 time-based restricted stock units vest in three equal installments on March 17, 2027, 2028 and 2029. Upon each vesting date, the units automatically convert into an equivalent number of Avis Budget Group common shares.

How do the performance-based restricted stock units for Jean M. Sera at CAR vest?

Her 2,493 performance-based restricted stock units are scheduled to vest on March 17, 2029. The final number of units converting into common stock can range from zero to 150% of the target amount, depending on achievement of predefined performance goals.

Does Jean M. Sera pay anything for the restricted stock unit grants at Avis Budget Group (CAR)?

She does not pay a purchase price for these equity awards. The Form 4 shows a transaction price per unit of 0.0000, indicating they are granted as part of her executive compensation package rather than bought on the open market.

What role does Jean M. Sera hold at Avis Budget Group (CAR) related to this Form 4 filing?

Jean M. Sera serves as Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary. The reported restricted stock unit and performance-based unit grants are part of her compensation in that senior leadership role at Avis Budget Group.