Avis Budget Group (CAR) executive settles RSUs and tax withholding in stock
Rhea-AI Filing Summary
Avis Budget Group executive Ravi Simhambhatla settled equity awards as 16,878 restricted stock units and 913 dividend equivalent units automatically converted into 17,791 shares of common stock on July 26, 2026. 8,155 shares were withheld at $159.48 per share to satisfy tax obligations associated with the vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,636 shares
Net Buy
4 txns
Insider
Simhambhatla Ravi
Role
EVP, CDIO - see remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 16,878 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Units F1, F5, F4 | 913 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 17,791 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 8,155 | $159.48 | $1.30M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Dividend Equivalent Units — 0 shares (Direct);
Common Stock — 23,512 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Represents tax withholdings in connection with the vesting of restricted stock units.
- F3. Units vest in two equal installments on July 26, 2024 and 2026.
- F4. Expiration date not applicable.
- F5. Represents dividend equivalent units 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.
Key Figures
Restricted Stock Units Converted: 16,878 units
Dividend Equivalent Units Converted: 913 units
Common Shares Acquired via Conversion: 17,791 shares
+3 more
6 metrics
Restricted Stock Units Converted
16,878 units
Restricted stock units automatically converted to common stock on July 26, 2026
Dividend Equivalent Units Converted
913 units
Dividend equivalent units converted to common stock on a one-to-one basis
Common Shares Acquired via Conversion
17,791 shares
Shares of common stock received from conversion of units on July 26, 2026
Shares Withheld for Taxes
8,155 shares
Common stock withheld in connection with RSU vesting to satisfy tax obligations
Tax Withholding Price
$159.48 per share
Per-share value used for tax-withholding disposition of 8,155 shares
Vesting Installments
2 dates
Units vest in equal installments on July 26, 2024 and July 26, 2026
Key Terms
Restricted Stock Units, Dividend Equivalent Units, tax withholdings, vesting
4 terms
Restricted Stock Units financial
"Represents restricted stock units and dividend equivalent units which automatically convert"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Equivalent Units financial
"Represents dividend equivalent units accrued on restricted stock units and performance-based"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
tax withholdings financial
"Represents tax withholdings in connection with the vesting of restricted stock units"
vesting financial
"Units vest in two equal installments on July 26, 2024 and 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Avis Budget Group (CAR) executive Ravi Simhambhatla settle on July 26, 2026?
Ravi Simhambhatla settled 16,878 restricted stock units and 913 dividend equivalent units, which automatically converted into common stock on a one-to-one basis upon vesting and settlement, reflecting previously granted equity awards becoming shares.
Were the Avis Budget Group (CAR) transactions made under a Rule 10b5-1 trading plan?
The report indicates no Rule 10b5-1 trading plan, as the Rule 10b5-1 checkbox is not marked. The transactions instead reflect scheduled vesting, settlement of equity awards, and related tax withholdings rather than discretionary open-market trading.
How do dividend equivalent units work in this Avis Budget Group (CAR) Form 4?
The filing states dividend equivalent units accrue on restricted and performance-based stock units and become exercisable proportionately on a one-to-one basis, subject to the same terms, including vesting and settlement, as the underlying restricted stock units they track.
What is the vesting schedule for the reported Avis Budget Group (CAR) units?
The units vest in two equal installments on July 26, 2024 and July 26, 2026. The reported July 26, 2026 transactions correspond to the second installment of this schedule, triggering conversion of the vested units into common stock and related tax withholding.