CAR Avis Budget Group, Inc. - 8-K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 26, 2026, Avis Budget Group, Inc. (the “Company”)
appointed Tina Goldenberg to the position of Vice President and Chief Accounting Officer of the Company, effective June 15, 2026. Cathleen
DeGenova, who is retiring, will continue to serve as Senior Vice President and Chief Accounting Officer until June 14, 2026.

Ms. DeGenova will continue to advise the Company through
April 1, 2027, to assist with the orderly transition of her duties to Ms. Goldenberg. The Company thanks Ms. DeGenova for her 13 years
of dedicated exemplary service to the Company and its shareholders.

Ms. Goldenberg, age 42, has been a Senior Director
of the Company overseeing Accounting for the Company’s Americas region since March 2020. Ms. Goldenberg previously held the title
of Senior Director, Financial Reporting & Technical Accounting from August 2019, and held roles of increasing responsibility within
Internal Reporting from March 2013, when she joined the Company. Prior to joining the Company, Ms. Goldenberg was an accountant with Deloitte.
Ms. Goldenberg is a Certified Public Accountant.

Pursuant to Ms. Goldenberg’s offer letter, dated
May 26, 2026 (the “Offer Letter”), Ms. Goldenberg will receive an annual base salary of $270,000, will be eligible to earn
an annual incentive award at a target rate of 45% of base salary, subject to attainment of applicable performance goals, and will continue
to be eligible to participate in the Company’s annual long-term incentive program.

The Offer Letter is attached hereto as Exhibit 10.1
and incorporated herein by reference. The foregoing description of the Offer Letter does not purport to be complete and is qualified in
its entirety by reference to the full text of the Offer Letter.

Item 9.01

Financial Statements and Exhibits.

The following exhibits are filed as part of this report:

Exhibit No.

Description

10.1

Offer Letter dated May 26, 2026 between Tina Goldenberg and Avis Budget Group, Inc.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).