Linnen Edward P 4

4 · AVIS BUDGET GROUP, INC. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

Avis Budget (CAR) EVP Edward Linnen Receives 6,380 RSUs

What Happened

Edward P. Linnen, EVP and Chief Human Resources Officer of Avis Budget Group (CAR), was granted two restricted stock unit (RSU) awards on March 17, 2026 totaling 6,380 units (3,190 + 3,190). Each grant is recorded at $0.00 (award/derivative), meaning no cash was paid; the units convert one-for-one to common shares upon vesting.

Key Details

Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (timely filing).
Grant details:
- 3,190 RSUs — time-based; vest in three equal installments on March 17, 2027, 2028 and 2029.
- 3,190 RSUs — performance-based; vesting on March 17, 2029 contingent on pre-established performance goals (payout range: 0%–150% of target).
Transaction code: A = Award/Grant (derivative RSUs). Price per unit: $0.00.
Ownership after transaction: Not specified in this filing.
No 10b5-1 plan, tax withholding, or sale reported in this Form 4.

Context

These are compensation awards, not open-market purchases or sales; they don’t reflect an immediate buy/sell signal. Time-based RSUs reward continued service; the performance RSUs depend on company performance and may pay out between zero and 150% of the target units in 2029.

Form 4

Period: 2026-03-17

EVP, Chief HR Officer

Transactions

Award
Restricted Stock Units
[F1][F2][F3]
2026-03-17+3,190→ 3,190 total
Exercise: $0.00→ Common Stock (3,190 underlying)
Award
Performance Based Restricted Stock Units
[F1][F4][F3]
2026-03-17+3,190→ 3,190 total
Exercise: $0.00→ Common Stock (3,190 underlying)

Footnotes (4)

[F1]Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis.
[F2]Units vest in three equal installments on March 17, 2027, 2028 and 2029.
[F3]Expiration date not applicable.
[F4]Units will vest on March 17, 2029 based on the Company's level of attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units above, depending on the achievement of such performance goals.

Signature

/s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen|2026-03-19

1 file