Welcome to our dedicated page for Avis Budget SEC filings (Ticker: CAR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Avis Budget Group, Inc. (NASDAQ: CAR) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a Nasdaq Global Select Market registrant, Avis Budget Group submits periodic reports such as Form 10-K and Form 10-Q, as well as numerous Form 8-K current reports detailing material events, financing transactions, governance changes and quarterly earnings announcements.
Recent 8-K filings referenced in company disclosures include reports of first, second and third quarter 2025 results, where the attached press releases discuss revenues, net income or loss, Adjusted EBITDA and key metrics like rental days, revenue per day, vehicle utilization and per-unit fleet costs. Other 8-Ks describe entry into material definitive agreements, such as amendments to the company’s credit agreement, issuance of asset-backed securities secured by vehicles in its domestic fleet, and senior notes offerings by its subsidiaries.
Additional filings highlight corporate governance and shareholder matters. For example, an 8-K dated July 31, 2025 reports amendments to the Amended and Restated Certificate of Incorporation, while another dated September 8, 2025 outlines changes to a cooperation agreement with a significant shareholder, including voting caps and board size provisions. These documents provide detail on rights of security holders, board composition parameters and other structural features of the company’s governance framework.
On Stock Titan, users can review these SEC filings in sequence and use AI-powered summaries to understand the core points of lengthy documents such as annual reports on Form 10-K, quarterly reports on Form 10-Q and complex financing-related 8-Ks. The platform also surfaces real-time updates from EDGAR and makes it easier to track how Avis Budget Group reports its financial condition, risk factors, capital structure changes and other material information over time.
Avis Budget Group reported that executive Jean M. Sera, its SVP, General Counsel, Chief Compliance Officer and Corporate Secretary, received equity-based compensation in the form of restricted stock units. She was granted 2,493 restricted stock units that convert into common stock on a one-to-one basis as they vest in three equal installments on March 17, 2027, 2028 and 2029. She was also granted 2,493 performance-based restricted stock units, which may vest on March 17, 2029 depending on the company’s achievement of pre-set performance goals, with the actual units vesting ranging from zero up to 150% of the target amount.
Linnen Edward P reported acquisition or exercise transactions in this Form 4 filing.
Avis Budget Group reported that EVP and Chief HR Officer Edward P. Linnen received equity awards in the form of restricted stock units. He was granted 3,190 restricted stock units and 3,190 performance-based restricted stock units, each convertible into common stock on a one-to-one basis upon vesting.
The time-based units vest in three equal installments on March 17, 2027, 2028 and 2029. The performance-based units are scheduled to vest on March 17, 2029, with the actual number earned ranging from zero to 150% of the 3,190 target units, depending on pre-established performance goals.
AVIS BUDGET GROUP, INC. executive Ravi Simhambhatla received equity awards in the form of restricted stock units tied to the company’s common stock. He was granted 4,417 time-based restricted stock units that convert one-for-one into common shares and vest in three equal installments on March 17, 2027, 2028 and 2029. He also received 4,417 performance-based restricted stock units that may vest on March 17, 2029, with the actual number of units vesting ranging from zero to 150% of this target amount based on the company’s attainment of pre-established performance goals. These awards represent direct ownership incentives rather than open-market purchases.
Avis Budget Group EVP and CFO Daniel Cunha received new equity awards in the form of stock units. He was granted 4,908 restricted stock units that convert into the same number of common shares as they vest in three equal installments on March 17, 2027, 2028 and 2029.
He also received 4,908 performance-based restricted stock units that may vest on March 17, 2029 based on pre-established performance goals. The performance award can result in zero to 150% of the target 4,908 units vesting, tying part of his compensation to the company’s performance.
Choi Brian J reported acquisition or exercise transactions in this Form 4 filing.
Avis Budget Group Chief Executive Officer Brian J. Choi received two equity awards in the form of stock units. He was granted 26,993 time-based restricted stock units and 26,993 performance-based restricted stock units, each convertible into common stock on a one-to-one basis when vested.
The time-based units vest in three equal installments on March 17, 2027, 2028 and 2029. The performance-based units are scheduled to vest on March 17, 2029, with the actual number vesting ranging from zero to 150% of the 26,993 target units, depending on achievement of pre-established performance goals.
Avis Budget Group Executive Chairman Jagdeep Pahwa reported multiple equity compensation moves. On March 17, 2026, he received grants of 24,539 restricted stock units and 24,539 performance-based restricted stock units, each convertible into common stock on a one-to-one basis. The time-based units vest in equal installments on March 17, 2027, 2028 and 2029, while the performance-based units may vest on March 17, 2029 from zero up to 150% of the target amount depending on pre-established performance goals.
On the same date, previously granted restricted stock units vested and were settled into 13,303 shares of common stock. Of these, 4,385 shares were withheld at $99.56 per share to cover tax obligations, leaving 8,918 shares of common stock held directly after the transactions.
Pentwater Capital Management LP–advised funds increased their exposure to AVIS BUDGET GROUP, INC. through option exercises. On 2026-03-16, these funds exercised put options on Common Stock, acquiring 41,100 shares at $120.0000 per share and 2,300 shares at $125.0000 per share.
The reporting persons, Pentwater Capital Management LP and Matthew Halbower, state that the securities are held by certain Pentwater Funds and each disclaims beneficial ownership except for any pecuniary interest. Following these transactions, the indirect Common Stock position reported is 4,404,400 shares, indicating a relatively small incremental increase from the exercises.
AVIS BUDGET GROUP, INC. Chief Accounting Officer Cathleen DeGenova reported routine equity compensation activity. Restricted stock units automatically converted into 273 shares of Common Stock on March 13, 2026, consistent with their terms. To cover tax obligations from this vesting, 127 Common Shares were withheld at a price of $100.71 per share. After these transactions, DeGenova directly held 7,633 Common Shares. The units vest in three equal installments on March 13, 2025, 2026 and 2027, reflecting an ongoing, scheduled compensation program rather than open-market trading.
Avis Budget Group executive Jean M. Sera, SVP, General Counsel, Chief Compliance Officer and Corporate Secretary, reported routine equity compensation activity. On March 13, 2026, 749 restricted stock units automatically converted into an equal number of common shares at no exercise price as they vested. To cover tax obligations related to this vesting, 348 common shares were withheld at a value of $100.71 per share, which is recorded as a tax-withholding disposition rather than an open-market sale. After these transactions, Sera directly held 37,484 shares of Avis Budget common stock. The footnotes state that these restricted stock units vest in three equal installments on March 13, 2025, 2026 and 2027, underscoring that this filing reflects a scheduled compensation event.
AVIS BUDGET GROUP, INC. executive Edward P. Linnen, EVP and Chief HR Officer, reported routine equity compensation activity. On March 13, he exercised 958 restricted stock units that automatically converted into 958 shares of common stock, and these were reported as an award with no cash paid.
To cover tax obligations tied to this vesting, 301 common shares were withheld at a price of $100.71 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Linnen directly holds 47,415 shares of common stock. No open-market purchases or sales were reported.