Sera Jean M 4

What Happened

• Sera Jean M, SVP, General Counsel, Chief Compliance Officer & Corporate Secretary of Avis Budget Group (CAR), had 1,351 restricted stock units (RSUs) convert to common shares upon vesting on March 12, 2026. The RSUs converted at $0 exercise price.
• To satisfy tax withholding, 627 shares were withheld/disposed at $99.56 per share for a total withholding value of $62,424. Net shares retained by the insider after withholding were approximately 724 shares.
• This was not an open-market purchase—it's a routine vesting and tax-withholding event (generally neutral from a sentiment perspective).

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed within the required reporting window).
• Conversion: 1,351 RSUs converted to 1,351 common shares (code M — exercise/conversion of derivative).
• Withholding: 627 shares withheld to cover taxes at $99.56/share, total $62,424 (code F — payment of tax liability).
• Net shares delivered to insider: ~724 shares (1,351 − 627).
• Footnotes: F1 = RSUs convert 1:1 to common stock on vesting; F2 = tax withholding; F3 = these units vest in three equal installments (Mar 12, 2026, 2027, 2028); F4 = expiration date N/A.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This was a vesting of RSUs with a cashless tax-withholding settlement (shares withheld rather than a cash payment). That is a routine administrative step and does not by itself indicate a deliberate market sell decision.
• Transaction codes: M = derivative conversion/vesting; F = tax withholding/payment.