DeGenova Cathleen 4

What Happened

• Cathleen DeGenova, Chief Accounting Officer of Avis Budget Group (CAR), was granted two restricted stock unit (RSU) awards on March 17, 2026. Each award is for 1,301 units (total target = 2,602 units). The awards are recorded as derivative grants at $0.00 per share in the Form 4.
• These are equity compensation awards (not open-market purchases or sales). The economic value will depend on Avis Budget’s share price when the RSUs convert to common stock upon vesting.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-19 (Form 4 filed two days after the grant).
• Award amounts: two grants of 1,301 RSUs each (total target 2,602 RSUs); reported acquisition price $0.00 (standard for RSU grants).
• Vesting: one grant vests in three equal installments on March 17 of 2027, 2028 and 2029; the other vests on March 17, 2029 subject to pre-established performance goals (vests from 0% up to 150% of target depending on performance).
• Footnotes: RSUs convert 1:1 into common stock upon vesting; expiration date not applicable.
• Shares owned after transaction: not specified in the filing.
• Timeliness: filing appears timely (filed within two business days of the grant).

Context

• These awards are typical long‑term incentive and retention compensation for executives. Time‑based RSUs vest over multiple years; performance RSUs only vest if specified company goals are met, and may pay out more or less than target (here 0–150%).
• Because these are grants (A = Award) rather than purchases or sales, they do not directly signal insider buying or selling intent — they reflect compensation and potential future equity dilution when vested shares are issued.