{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-22-001473","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2022-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.480072+00:00","generated_at":"2026-06-26T05:29:49.736882+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"EVP & Chief Digital and Innovation Officer Veresh Sita resigns effective May 13, 2022","bullets":["Cash severance of approximately $1M plus prorated 2022 annual bonus.","Acceleration of 6,871 time-based restricted stock units; all other unvested awards canceled.","Subject to non-competition and non-solicitation covenants for two years following separation.","Entitled to continued company car usage for one year after separation."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-22-001473","json":"https://secwatch.observer/filing/0000950142-22-001473.json","markdown":"https://secwatch.observer/filing/0000950142-22-001473.md","text":"https://secwatch.observer/filing/0000950142-22-001473.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014222001473/0000950142-22-001473-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014222001473/eh220233563_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T05:29:49.736882+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39010de10a","claim":"Veresh Sita resigned as Executive Vice President and Chief Digital and Innovation Officer at AVIS BUDGET GROUP, INC..","evidence_excerpt":"Veresh Sita entered into a separation agreement (the “Separation Agreement”), pursuant to which Mr. Sita will resign from his position as Executive Vice President and Chief Digital and Innovation Officer of the Company effective May 13, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014222001473/0000950142-22-001473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Digital and Innovation Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}