Linnen Edward P 4

What Happened

• Edward P. Linnen, EVP and Chief HR Officer of Avis Budget Group (CAR), had 958 restricted stock units (RSUs vest) convert into common stock on 2026-03-13. To satisfy tax withholding, 301 of those shares were withheld/sold at $100.71 each, generating about $30,314. Net shares delivered to him from this vesting were 657 (958 vested − 301 withheld).

Key Details

• Transaction date: 2026-03-13.
• Award/acquisition (A): 958 RSUs converted to common stock at $0.00 (per RSU conversion on vesting).
• Conversion/exercise (M): 958 shares converted upon vesting (RSU to common stock).
• Tax withholding/sale (F): 301 shares disposed at $100.71 each; proceeds ≈ $30,314.
• Footnotes: RSUs convert 1:1 on vesting; units vest in three equal installments on Mar 13 of 2025, 2026 and 2027; the 301-share disposition represents tax withholding.
• Shares owned after transaction: not disclosed in the excerpt of the filing.
• Filing timeliness: Form filed 2026-03-17 for a 2026-03-13 transaction — appears timely (filed within required business-day window).

Context

• This was a routine vesting of RSUs with shares withheld to cover taxes (a common “cashless” withholding), not an open-market sale for investment purposes. Such withholding transactions are administrative and do not necessarily signal insider sentiment.