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Avis Budget Group EVP and Chief HR Officer Edward P. Linnen reported equity compensation activity involving restricted stock units and common shares. He received a grant of 1,729 restricted stock units that will vest in three equal installments on March 12, 2026, 2027 and 2028. These units automatically convert into common stock on a one-to-one basis when they vest.
On the same date, 1,729 shares of common stock were acquired in connection with vesting, and 543 shares were disposed of at $99.56 per share to cover tax withholdings related to the vesting. After these transactions, Linnen holds 46,758 shares of common stock directly and 3,496 shares indirectly through a 401(k) plan.
AVIS BUDGET GROUP, INC. executive Ravi Simhambhatla reported routine equity compensation activity. On March 12, he received a grant of 2,394 restricted stock units, each eligible to convert into one share of common stock. These units vest in three equal installments on March 12 of 2026, 2027 and 2028.
On the same date, 2,394 shares of common stock were acquired through the vesting and conversion of previously granted restricted stock units, with 751 of those shares withheld at a price of $99.56 per share to cover tax obligations. After these transactions, he directly holds 16,435 shares of common stock and 4,790 restricted stock units.
AVIS BUDGET GROUP, INC. Chief Executive Officer Brian J. Choi reported the vesting and automatic conversion of 9,977 restricted stock units into Common Stock on March 12, 2026. These units convert to shares on a one-to-one basis when they vest.
In connection with this vesting, 4,756 Common Shares were delivered back as tax withholdings at a price of $99.56 per share, a non-market disposition for tax liabilities rather than an open-market sale. After these transactions, Choi directly holds 116,399 Common Shares and indirectly holds 1,735 Common Shares through an IRA.
Avis Budget Group reported that its subsidiary Avis Budget Rental Car Funding (AESOP) LLC issued $668.20 million of asset-backed securities on March 11, 2026. The notes have three- and five-year maturities and are secured by vehicles in the company’s U.S. rental fleet and related assets.
The issuance includes multiple tranches of Series 2026-1 and Series 2026-2 Class A, B, C and D notes with fixed interest rates ranging from 4.28% to 7.04%. ABRCF also issued $20.62 million of Series 2026-1 8.000% Class R notes and $15.25 million of Series 2026-2 8.522% Class R notes, which are subordinated and held by an affiliated leasing subsidiary to satisfy U.S. risk retention rules.
Pentwater Capital Management LP, on behalf of investment funds it advises, exercised put options on AVIS BUDGET GROUP, INC. to acquire 24,500 shares of Common Stock at $125 per share on March 9, 2026. Following the exercise, the funds indirectly held 4,097,600 common shares. The options transaction reduced the derivative position but did not involve any open-market share sales, and Pentwater and related parties disclaim beneficial ownership beyond their pecuniary interest.
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.
AVIS BUDGET GROUP, INC. SVP, GC, CCO & Corp. Sec. Sera Jean M reported routine equity compensation activity. On March 9, 2026, restricted stock units and dividend equivalent units converted into 421 shares of Common Stock. Of these, 196 shares were withheld at $95.89 per share to cover tax obligations tied to vesting. Following these transactions, she directly holds 36,359 shares of Common Stock. The footnotes state that the units convert to Common Stock on a one-to-one basis and vest in three equal installments on March 9, 2024, 2025 and 2026.
Avis Budget Group EVP and Chief HR Officer Edward P. Linnen reported routine equity compensation activity. On March 9, 2026, restricted stock units and related dividend equivalent units converted into 547 shares of Common Stock as they vested. To cover taxes, 172 shares were withheld by the company rather than sold on the open market. After these transactions, Linnen holds 45,572 Common Stock shares directly and 3,496 shares indirectly through a 401(k) plan, reflecting a modest net increase in his owned stock.
AVIS BUDGET GROUP, INC. executive Ravi Simhambhatla, EVP and Chief Digital & Information Officer, reported compensation-related equity activity. On March 9, 2026, restricted stock units and related dividend equivalent units automatically converted into 758 shares of common stock on a one-to-one basis.
To cover tax obligations tied to this vesting, 239 shares of common stock were withheld at $95.89 per share, characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, Simhambhatla directly holds 14,792 shares of common stock, with no remaining derivative units from this vesting tranche shown in the filing.
Avis Budget Group Chief Executive Officer Brian J. Choi reported routine equity compensation activity involving restricted stock units and related common shares. On March 9, 2026, restricted stock units and dividend equivalent units converted into 1,515 shares of Common Stock, reflecting the vesting and settlement of these awards. Of these shares, 516 shares were withheld by the company at $95.89 per share to cover tax obligations, which is treated as a disposition but not an open-market sale. Following these transactions, Choi directly holds 111,178 shares of Common Stock and indirectly holds 1,735 shares through an IRA. Footnotes explain that the units vest in three equal installments on March 9 of 2024, 2025 and 2026 and that dividend equivalent units track the underlying restricted stock units on a one-to-one basis.