Choi Brian J 4

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

AI-generated summary of this filing

Updated Mar 19, 2026

Avis Budget (CAR) CEO Brian Choi Receives RSU Awards

What Happened

Brian J. Choi, CEO of Avis Budget Group, received two equity awards on March 17, 2026. Each award is for 26,993 restricted stock units (RSUs), for a combined total of 53,986 RSUs. The grants were reported as awards/acquisitions at $0.00 (typical for RSU grants); they are derivative securities that convert to common stock upon vesting on a one-to-one basis.

Key Details

Transaction date: 2026-03-17; Form filed 2026-03-19 (timely).
Grant details: two awards of 26,993 RSUs each (total 53,986 RSUs); acquisition price reported $0.00.
Vesting: one grant vests in three equal installments on March 17 of 2027, 2028 and 2029 (time-based). The other grant vests on March 17, 2029 subject to pre-established performance goals; payout may range from 0% to 150% of target based on achievement.
Conversion: RSUs automatically convert to common stock on a one-to-one basis upon vesting (F1).
Expiration: not applicable for RSUs (F3).
Shares owned after the transaction: not specified in this Form 4.
Transaction code: A = Award/Grant.

Context

These are compensation awards (RSUs), not open-market purchases or sales. Such grants are routine for executive pay and do not by themselves indicate a buy/sell signal. Performance-based RSUs may result in more or fewer shares vesting depending on company performance through 2029.

Form 4

Period: 2026-03-17

Chief Executive Officer

Transactions

Award
Restricted Stock Units
[F1][F2][F3]
2026-03-17+26,993→ 26,993 total
Exercise: $0.00→ Common Stock (26,993 underlying)
Award
Performance Based Restricted Stock Units
[F1][F4][F3]
2026-03-17+26,993→ 26,993 total
Exercise: $0.00→ Common Stock (26,993 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 Brian J. Choi|2026-03-19

1 file