Joseph A. Ferraro's holdings in Avis Budget Group have seen considerable changes over the years. As of the end of 2022, his vested stock value was approximately $17.32 million, heavily influenced by his longstanding connection with the company since 1979....
Joseph A. Ferraro's holdings in Avis Budget Group have seen considerable changes over the years. As of the end of 2022, his vested stock value was approximately $17.32 million, heavily influenced by his longstanding connection with the company since 1979. His wealth peaked during times of stock performance, particularly in 2021, with significant vested stock awards adding to his financial portfolio. In terms of fluctuations, Ferraro’s stock rewards include a mix of Performance-Based Stock Units (PSUs) and Restricted Stock Units (RSUs), the latter being a major component of his overall remuneration. Given his tenure and the size of his holdings, these stock awards indicate his strong alignment with shareholder interests and the company's long-term success. About 79,445 shares vested in 2022 alone, illustrating his deep investment in the company's future.