Form 4: Avis Budget Group Executive VP Edward Linnen Reports Stock Transactions

Edward P. Linnen, EVP and Chief HR Officer of Avis Budget Group, reports the vesting and conversion of restricted stock units and dividend equivalent units into common stock, along with related tax withholdings.

Summary

• Edward P. Linnen, EVP and Chief HR Officer of Avis Budget Group, filed a Form 4 detailing changes in beneficial ownership.
• On March 9, 2025, Linnen converted 3,113 restricted stock units into common stock at a price of $0.
• He also disposed of 1,035 shares of common stock to cover tax withholdings at a price of $74.49.
• Following these transactions, Linnen directly owns 50,258 shares of common stock and indirectly owns 3,496 shares through a 401(k) plan.
• Additionally, various restricted stock units and dividend equivalent units vested and converted into common stock.
• The reported transactions include performance-based restricted stock units, restricted stock units vesting in installments, and dividend equivalent units accrued on restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates