Cunha Daniel Crestian 4
4 · AVIS BUDGET GROUP, INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Avis Budget (CAR) CFO Daniel Cunha Receives Restricted Stock Awards
What Happened
Daniel Cunha, Executive Vice President and Chief Financial Officer of Avis Budget Group (CAR), received two equity awards on March 17, 2026. Each award was for 4,908 restricted stock units (RSUs), for a total of 9,816 RSUs, granted at a $0 per-share acquisition price (transaction code A — award/other acquisition). No cash was paid; these are derivative awards that convert into common stock if and when they vest.
Key Details
- Transaction date: 2026-03-17; Form 4 filed 2026-03-19 (timely filing).
- Grants: two awards of 4,908 RSUs each (total 9,816 RSUs); acquisition price reported as $0.00.
- Vesting/time details:
- Time-based award: vests in three equal installments on March 17, 2027, 2028 and 2029 (footnote F2).
- Performance-based award: vests on March 17, 2029 contingent on pre-established performance goals; payout range is 0–150% of target units (footnote F4).
- RSUs convert 1:1 to common shares upon vesting; there is no expiration date applicable (footnotes F1, F3).
- Shares owned after the transaction: not specified in the filing.
- Transaction code: A (award/grant).
Context
RSUs are a common form of executive compensation and do not involve an immediate open-market purchase or sale; value to the insider depends on future stock price and (for the performance award) achievement of goals. Time-based RSUs provide retention incentives, while performance RSUs tie payout to company results. These grants are informational and not direct buy/sell signals—investors should consider them alongside other filings and company performance.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-03-17+4,908→ 4,908 totalExercise: $0.00→ Common Stock (4,908 underlying) - Award
Performance Based Restricted Stock Units
[F1][F4][F3]2026-03-17+4,908→ 4,908 totalExercise: $0.00→ Common Stock (4,908 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.