secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0000950142-22-001473
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVP & Chief Digital and Innovation Officer Veresh Sita resigns effective May 13, 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014222001473/0000950142-22-001473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014222001473/eh220233563_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-001473

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer