0000723612-23-000070.txt : 20231222
0000723612-23-000070.hdr.sgml : 20231222
20231222164846
ACCESSION NUMBER: 0000723612-23-000070
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231221
FILED AS OF DATE: 20231222
DATE AS OF CHANGE: 20231222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hees Bernardo
CENTRAL INDEX KEY: 0001552354
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10308
FILM NUMBER: 231510507
MAIL ADDRESS:
STREET 1: C/O BUNGE LIMITED
STREET 2: 1391 TIMBERLAKE MANOR PARKWAY
CITY: CHESTERFIELD
STATE: MO
ZIP: 63017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AVIS BUDGET GROUP, INC.
CENTRAL INDEX KEY: 0000723612
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 060918165
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 379 INTERPACE PARKWAY
CITY: PARSIPPANY
STATE: NJ
ZIP: 07054
BUSINESS PHONE: 973-496-4700
MAIL ADDRESS:
STREET 1: 379 INTERPACE PARKWAY
CITY: PARSIPPANY
STATE: NJ
ZIP: 07054
FORMER COMPANY:
FORMER CONFORMED NAME: CENDANT CORP
DATE OF NAME CHANGE: 19971218
FORMER COMPANY:
FORMER CONFORMED NAME: CUC INTERNATIONAL INC /DE/
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: COMP U CARD INTERNATIONAL INC
DATE OF NAME CHANGE: 19870914
4
1
wk-form4_1703281708.xml
FORM 4
X0508
4
2023-12-21
0
0000723612
AVIS BUDGET GROUP, INC.
CAR
0001552354
Hees Bernardo
379 INTERPACE PARKWAY
PARSIPPANY
NJ
07054
1
1
0
0
Executive Chairman
0
Common Stock
2023-12-21
4
A
0
82
0
A
1607
I
Held by NQ Deferred Compensation Plan
Common Stock
489960
I
See footnote
Dividend Equivalent Units
0
2023-12-21
4
A
0
2894
0
A
Common Stock
2894
2894
D
On December 5, 2023, the Issuer announced that its Board of Directors declared a special cash dividend in the amount of $10.00 per share of its Common Stock, payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023 (the "Dividend").
Represents dividend equivalent units accrued as a result of the Dividend on restricted stock units awarded to the Reporting Person as part of the Company's non-employee director compensation program (the "Original RSUs"). Units automatically convert to Common Stock upon vesting or settlement, as applicable, on a one-to-one basis and, to the extent unvested, will fully vest on the same terms and conditions as the Original RSUs and, to the extent deferred under the Non-Employee Directors Deferred Compensation Plan, will be payable in accordance with the payment and/or deferral election made in accordance with the terms of the plan.
Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
Amount acquired represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units with respect to the Issuer's Common Stock (the "Original RSUs") held by the Reporting Person as a result of the Dividend. Each dividend equivalent unit is the economic equivalent of one share of the Issuer's Common Stock and entitles the Reporting Person to receive one share of Common Stock upon the settlement of the Original RSUs and is subject to same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates.
Expiration date not applicable.
Jean M. Sera, by Power of Attorney for Bernardo Hees
2023-12-22