Sera Jean M 4

What Happened

• Sera Jean M, Senior Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary of Avis Budget Group (CAR), had 749 restricted stock units (RSUs) vest on March 13, 2026. The RSUs converted to common stock (reported as derivative conversions).
• Of the 749 shares issued on vesting, 348 shares were withheld to satisfy tax withholding obligations at a reported value of $100.71 per share, totaling $35,047. The net result was delivery of 401 shares to Ms. Jean.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (within the typical two-business-day filing window).
• Reported entries: 749 shares acquired on conversion of RSUs (code M); 348 shares disposed for tax withholding (code F) at $100.71/share ($35,047); a related derivative disposition entry reflects the RSU conversion.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 = RSUs convert 1:1 to common stock on vesting; F2 = shares withheld for taxes; F3 = these units vest in three equal annual installments (Mar 13, 2025, 2026, 2027); F4 = expiration date not applicable.

Context

• This was a routine equity compensation vesting with share withholding for taxes, not an open-market purchase or sale—such transactions are common and reflect compensation vesting rather than a trading decision.
• For clarity, “M” indicates exercise/conversion of a derivative (here, RSU conversion) and “F” indicates shares disposed to cover tax withholding.