Simhambhatla Ravi 4

What Happened

• Ravi Simhambhatla, EVP and Chief Digital and Innovation Officer of Avis Budget Group (CAR), was granted two restricted stock unit (RSU) awards on March 17, 2026. Each award is for 4,417 RSUs, for a total of 8,834 RSUs. The awards were granted at $0.00 per unit (standard equity awards — no cash paid).

Key Details

• Transaction date: 2026-03-17; Form 4 filed 2026-03-19 (filed within the typical two‑business‑day window).
• Grant details: two awards of 4,417 RSUs each (reported as derivative securities, code A).
• Price/consideration: $0.00 per unit (award/grant).
• Shares owned following the transaction: not disclosed in the filing.
• Footnotes of note:
  • F1: RSUs convert 1:1 into common stock upon vesting.
  • F2: One award vests in three equal installments on March 17 of 2027, 2028 and 2029 (time‑based).
  • F4: The other award vests on March 17, 2029 based on performance goals; payout range 0%–150% of target.
  • F3: Expiration date not applicable (typical for RSUs).

Context

• These are equity awards, not open‑market purchases or sales, so no immediate change in cash position or publicly tradable shares until RSUs vest and convert to common stock.
• Time‑based RSUs vest over three years; the performance RSUs depend on company targets and may result in fewer or more shares (0–150% of target).
• Such grants are common for executive compensation and do not by themselves indicate buying or selling intent in the market.