Form 4: Avis Budget Group Executive Reports Stock Transactions
SEC Form 4 Filing
Ravi Simhambhatla, an executive at Avis Budget Group, filed a Form 4 disclosing the vesting of restricted stock units and subsequent tax withholdings.
Summary
- On March 13, 2025, Ravi Simhambhatla, EVP, CDIO of Avis Budget Group, had restricted stock units vest and convert to common stock.
- A total of 1,326 restricted stock units vested at a price of $0, converting into 1,326 shares of common stock.
- Simultaneously, 451 shares were withheld for tax purposes at a price of $55.49 per share.
- Following these transactions, Simhambhatla directly owns 12,671 shares of Avis Budget Group common stock and 2,653 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Stakeholder Impact
- The transaction impacts the executive's personal holdings of company stock.
- The tax withholding affects the company's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 03/13/2025 | Restricted stock units vest. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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