Sera Jean M 4

What Happened

Sera Jean, Senior Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary of Avis Budget Group (CAR), was granted two equity awards on March 17, 2026 totaling 4,986 restricted stock units (RSUs). Each grant was for 2,493 units recorded at $0.00 (derivative awards that convert to common stock on a 1:1 basis upon vesting). No cash was exchanged; these are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: March 17, 2026; Filing date: March 19, 2026 (Form 4) — appears timely.
• Grants: Two awards of 2,493 RSUs each, total 4,986 RSUs; acquisition price reported $0.00 (derivative).
• Vesting:
  • One grant vests in three equal installments on March 17 of 2027, 2028 and 2029 (time-based).
  • The other grant vests on March 17, 2029 subject to pre-established performance goals; payout range 0%–150% of target.
• Footnotes: RSUs convert one-for-one to common stock on vesting (F1); expiration date not applicable (F3).
• Shares owned after the transaction: not specified in the filing.

Context

These awards are standard equity compensation for executives and do not represent an open-market buy or sell. RSUs are derivative awards that only become shares if and when they vest (performance-based units may vest at 0%–150% of target). For retail investors, such grants are a compensation/retention tool and should not be interpreted as an immediate bullish or bearish trade signal.