Linnen Edward P 4

What Happened
Edward P. Linnen, EVP and Chief HR Officer of Avis Budget Group (CAR), had 1,729 restricted stock units (RSUs) vest on March 12, 2026, which converted into 1,729 shares of common stock. To cover tax withholding related to the vesting, 543 shares were withheld/sold at $99.56 per share, generating proceeds of $54,061. The RSUs were reported as acquired (conversion) at $0 per share, which is standard for vested RSUs.

Key Details

• Transaction date: March 12, 2026; Form filed March 16, 2026 (timely filing).
• Award/Conversion: 1,729 RSUs converted to 1,729 shares (reported at $0).
• Tax withholding/sale: 543 shares disposed at $99.56 each = $54,061 (footnote indicates tax withholding).
• Vesting schedule: Units vest in three equal installments on March 12 of 2026, 2027, and 2028 (footnote).
• Shares owned after transaction: Not disclosed in the provided filing.
• Relevant footnotes: F1 = RSUs convert 1:1 to common stock; F2 = tax withholding; F3 = three-year vesting; F4 = N/A expiration.

Context
This was a vesting of RSUs with routine tax-withholding share disposal (cashless withholding), not an open-market sale initiated as investment activity. Such withholding transactions are common when equity awards vest and do not necessarily indicate a change in the insider’s view of the company.