Choi Brian J 4

What Happened Brian J. Choi, CEO of Avis Budget Group (CAR), had restricted stock units (RSUs) and related dividend equivalent units (DEUs) vest/convert on March 9, 2026. The filing shows 1,515 shares were acquired upon conversion. To satisfy tax withholding, 516 shares were surrendered/withheld at $95.89 per share, generating proceeds of $49,479. The report also shows conversion/settlement entries for 1,437 derivative units and 78 award units related to the same vesting event.

Key Details

• Transaction date: March 9, 2026 (Form 4 filed March 11, 2026; filing appears timely).
• Main entries: 1,515 shares acquired (conversion of derivatives); 516 shares disposed/withheld to cover taxes at $95.89/share = $49,479.
• Additional entries: 1,437 shares reported as conversion/settlement of derivative units and 78 shares reported as a grant/award disposition (both $0.00 per-share reported).
• Footnotes: RSUs and DEUs convert one-for-one to common stock on vesting (F1, F5); 516-share disposition represents tax withholding (F2); units vested in three equal installments on March 9, 2024, 2025 and 2026 (F3).
• Shares owned after the transaction are not included in the summary provided; see the full Form 4 for post-transaction holdings.

Context This was predominantly a vesting/settlement of equity awards rather than an open-market buy or sale. The withholding of shares to cover taxes is a routine administrative action (not a market-sale for discretionary proceeds). The derivative entries reflect conversion/settlement of RSUs/DEUs into common stock upon vesting.