Choi Brian J 4

What Happened

• Brian J. Choi, CEO of Avis Budget Group (CAR), had 2,947 restricted stock units (RSUs) vest on March 13, 2026. The RSUs converted one-for-one into 2,947 shares of common stock. To satisfy tax withholding, 1,444 shares were surrendered (priced at $100.71 each, totaling $145,425). Net shares issued to Choi from this vesting were 1,503 shares (2,947 vested − 1,444 withheld). This is a routine vesting and withholding event, not an open-market purchase or sale.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely, within SEC filing window).
• Transactions reported: A = Award/Grant of 2,947 RSUs; M = Conversion of RSUs to common stock; F = Tax withholding of 1,444 shares at $100.71 ($145,425).
• Net new shares to insider: 1,503 shares retained after withholding.
• Shares owned after the transaction: Not disclosed in the provided filing data.
• Footnotes: F1—RSUs convert to Common Stock upon vesting (1:1). F2—withheld shares represent tax withholding. F3—these units vest in three equal installments on March 13, 2025, 2026 and 2027.

Context

• This was a standard RSU vesting event with share withholding to cover taxes (a common administrative practice). The filing shows conversion of RSU derivatives into common stock, not an exercised stock option sale; no open-market sale or purchase was reported.