Linnen Edward P 4

What Happened

• Edward P. Linnen, EVP and Chief Human Resources Officer of Avis Budget Group (CAR), was granted two restricted stock unit (RSU) awards on March 17, 2026 totaling 6,380 units (3,190 + 3,190). Each grant is recorded at $0.00 (award/derivative), meaning no cash was paid; the units convert one-for-one to common shares upon vesting.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (timely filing).
• Grant details:
  • 3,190 RSUs — time-based; vest in three equal installments on March 17, 2027, 2028 and 2029.
  • 3,190 RSUs — performance-based; vesting on March 17, 2029 contingent on pre-established performance goals (payout range: 0%–150% of target).
• Transaction code: A = Award/Grant (derivative RSUs). Price per unit: $0.00.
• Ownership after transaction: Not specified in this filing.
• No 10b5-1 plan, tax withholding, or sale reported in this Form 4.

Context

• These are compensation awards, not open-market purchases or sales; they don’t reflect an immediate buy/sell signal. Time-based RSUs reward continued service; the performance RSUs depend on company performance and may pay out between zero and 150% of the target units in 2029.