Simhambhatla Ravi 4
4 · AVIS BUDGET GROUP, INC. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Avis Budget (CAR) EVP Ravi Simhambhatla Receives Shares; Sells 239 for Taxes
What Happened
Ravi Simhambhatla, EVP & Chief Digital & Innovation Officer at Avis Budget Group (CAR), had restricted stock units (RSUs) and related dividend equivalent units (DEUs) convert to common stock upon vesting on March 9, 2026. The filing shows 758 shares were acquired upon conversion (transaction code M). To satisfy tax withholding, 239 shares were withheld/disposed at $95.89 per share, totaling $22,918 (transaction code F). The report also lists two additional derivative dispositions of 719 and 39 shares reported at $0, which reflect settlement/conversion activity related to the award rather than open-market sales.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
- Acquired: 758 shares via conversion of derivative awards (code M) at $0 (vested RSUs/DEUs).
- Disposed/withheld for taxes: 239 shares at $95.89, proceeds/withholding value $22,918 (code F).
- Additional derivative entries: 719 and 39 shares reported as disposed at $0 (related to conversion/settlement of awards).
- Footnotes: RSUs and DEUs convert one-for-one to common stock on vesting; units vest in three equal installments (Mar 9, 2024; 2025; 2026). The 239-share disposition represents tax withholding.
- Shares owned after the transaction: not reported in this filing.
Context
This activity is vesting-related (RSU/DEU settlement) rather than an open-market purchase or a voluntary sale. Withholding of shares to cover taxes is routine for equity awards and does not necessarily indicate a change in insider sentiment. Transaction codes: M = exercise/conversion of derivative awards; F = payment of exercise price or tax liability (withholding).
Insider Transaction Report
- Tax Payment
Common Stock
[F2]2026-03-09$95.89/sh−239$22,918→ 14,792 total - Exercise/Conversion
Common Stock
[F1]2026-03-09+758→ 15,031 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-03-09−719→ 0 totalExercise: $0.00→ Common Stock (719 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F5][F4]2026-03-09−39→ 913 totalExercise: $0.00→ Common Stock (39 underlying)
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 three equal installments on March 9, 2024, 2025 and 2026.
- [F4]Expiration date not applicable.
- [F5]Represents dividend equivalent units ("DEUs") 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. Number of shares reported in Column 9 reflects the remaining aggregate DEUs associated with restricted stock units at target.