DeGenova Cathleen 4
4 · AVIS BUDGET GROUP, INC. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-09+148→ 7,181 total - Tax Payment
Common Stock
[F2]2026-03-09$95.89/sh−72$6,904→ 7,109 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-03-09−140→ 0 totalExercise: $0.00→ Common Stock (140 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F5][F4]2026-03-09−8→ 0 totalExercise: $0.00→ Common Stock (8 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.