Hees Bernardo 4
4 · AVIS BUDGET GROUP, INC. · Filed Jul 2, 2024
Insider Transaction Report
Form 4
Hees Bernardo
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-06-30−9,577→ 0 totalExercise: $0.00→ Common Stock (9,577 underlying) - Exercise/Conversion
Common Stock
2024-06-30+10,095→ 515,076 total(indirect: See footnote) - Tax Payment
Common Stock
2024-06-30$104.52/sh−4,640$484,973→ 510,436 total(indirect: See footnote) - Exercise/Conversion
Dividend Equivalent Units
2024-06-30−518→ 1,073 totalExercise: $0.00→ Common Stock (518 underlying)
Holdings
- 2,280(indirect: Held by NQ Deferred Compensation Plan)
Common Stock
Footnotes (6)
- [F1]Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
- [F2]Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
- [F3]Represents tax withholdings in connection with the vesting of restricted stock units.
- [F4]Units vested in full on June 30, 2024. Due to an inadvertent error, vesting terms for such time-based restricted stock units were previously incorrectly reported in the Reporting Person's Form 4 filed on March 13, 2023.
- [F5]Expiration date not applicable.
- [F6]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.