Pahwa Jagdeep 4

What Happened

• Jagdeep Pahwa, Executive Chairman and Director of Avis Budget Group (CAR), reported the vesting/conversion of restricted stock units (RSUs) and related derivative units on 2026-03-17. The filing shows acquisitions/conversions of 62,381 shares (13,303 + 24,539 + 24,539) from awards/derivative conversions and the withholding/disposition of 4,385 shares to satisfy tax obligations, generating approximately $436,571 in tax withholdings.

Key Details

• Transaction date: March 17, 2026; Form filed March 19, 2026 (no late filing indicated).
• Acquisitions/conversions reported: 13,303 shares (conversion/exercise) and two awards of 24,539 shares each — total 62,381 shares acquired/converted.
• Disposition for tax withholding: 4,385 shares withheld/disposed at $99.56/share = ~$436,571 (code F = tax withholding).
• Some derivative/system entries show conversion/exercise activity (code M) and award/grant activity (code A).
• Filing footnotes: RSUs convert 1:1 to common stock on vesting (F1); shares were withheld to cover taxes (F2); remaining units have future vesting schedules (installments in 2027–2029 and performance-based vesting through 2029, F3–F6).
• Shares owned after the transaction are not specified in the excerpt provided.

Context

• This appears to be routine compensation-related activity: RSUs/derivative units vesting and converting into common shares, with a portion withheld to meet tax obligations (a common practice, not an open-market sale). The withholding disposition (F) is different from an open-market sale (S) — it simply settles taxes rather than signaling a discretionary sell by the insider.