Avis Budget (CAR) Chief Accounting Officer Cathleen DeGenova Sells Shares

What Happened
Cathleen DeGenova, Chief Accounting Officer of Avis Budget Group (CAR), reported the vesting/conversion of restricted stock units (RSUs) on March 9, 2026. The filing shows 148 shares were acquired upon conversion (reported as derivative exercise/conversion), and 72 shares were surrendered/withheld to cover tax obligations at $95.89 per share for a total tax withholding value of $6,904. The filing also reports two additional derivative conversion/disposition entries of 140 shares and 8 shares (reported at $0).

Key Details

• Transaction date: 2026-03-09 (filed 2026-03-11 — appears timely)
• Reported entries:
  • Exercise/conversion (M): 148 shares acquired @ $0.00
  • Tax withholding (F): 72 shares disposed @ $95.89 — proceeds/withholding ≈ $6,904
  • Exercise/conversion (M): 140 shares disposed @ $0.00 (derivative)
  • Exercise/conversion (M): 8 shares disposed @ $0.00 (derivative)
• Shares owned after the transactions: not provided in the excerpt of the filing
• Footnotes summary:
  • F1/F5: These relate to RSUs and dividend equivalent units (DEUs) that convert one-for-one to common stock upon vesting; the DEUs track the same vesting schedule.
  • F2: The 72-share disposition represents tax withholdings tied to RSU vesting.
  • F3: Units vest in three equal installments (Mar 9, 2024; 2025; 2026).
  • F4: Expiration date not applicable.
• Filing timeliness: Reported within typical SEC reporting window (no late‑filing flag noted)

Context: This was primarily a routine vesting/settlement of equity compensation (RSUs/DEUs) with shares withheld to satisfy tax obligations — not an open-market purchase or a discretionary stock sale for investment signaling. Transaction codes: M = exercise/conversion of derivative award; F = shares withheld/used to pay taxes.