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Consumer & Retail

Avis Budget Group Executive Compensation (FY25)

CAR · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Brian Choi
Median of the other named officers
$2,341,261
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
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Data as of November 4, 2026Latest filing (8-K): May 21, 2026
15 filings cited on this page
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336 figures on this page: 319 cited to the filing that reported them, 17 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Brian Choi: $2,709,096 → $5,921,410 (118.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Avis Budget Group's chief executive and what were they paid?
Brian Choi, CEO, received $5,921,410 in total compensation for fiscal 2025. Choi's total was 118.6% higher than the $2,709,096 reported for fiscal 2024.
What was Avis Budget Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.8% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Avis Budget Group's peer group?
The disclosed peer group includes Alaska Air Group, Inc., American Airlines Group Inc., Asbury Automotive Group, Inc., AutoNation, Inc. and Choice Hotels International, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Ferraro
President and CEO
◇—◇—◇—◇◇
Ravi Simhambhatla
EVP, Chief Digital & Innovation Officer
◇—◇—◇—◇◇
Bernardo Hees
Executive Chairman
◇—◇—◇—◇◇
Brian Choi
EVP and CFO
◇—◇—◇—◇◇
Izilda Martins
EVP, Americas
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Ferraro
President and CEO
◇—◇—◇—◇◇
Bernardo Hees
Executive Chairman
◇—◇—◇—◇◇
Brian Choi
EVP and CFO
◇—◇—◇—◇◇
Izzy Martins
EVP, Americas
◇—◇—◇—◇◇
Ravi Simhambhatla
EVP, Chief Digital & Innovation Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Ferraro
Former President and CEO
◇—◇———◇◇
Brian Choi
CEO
◇—◇———◇◇
Izzy Martins
Former CFO
◇—◇———◇◇
Ravi Simhambhatla
EVP, Chief Digital & Innovation Officer
◇—◇———◇◇
Edward Linnen
EVP, CHRO
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Ferraro
Former President and CEO
Departed during or after this year
◇—◇—◇◇◇◇
Brian Choi
CEO
◇—◇—◇—◇◇
Jagdeep Pahwa
Executive Chairman
◇—◇————◇
Izzy Martins
Former CFO
Departed during or after this year
◇—◇———◇◇
Ravi Simhambhatla
EVP, Chief Digital & Innovation Officer
◇—◇—◇—◇◇
Daniel Cunha
CFO
◇—◇—◇—◇◇
Edward Linnen
EVP, CHRO
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian ChoiRSU◇——◇——◇
Brian ChoiPSU◇◇◇—◇—◇
Brian ChoiPSU◇◇◇—◇—◇
ChoiRSU◇——◇——◇
ChoiPSU◇◇◇—◇—◇
ChoiPSU◇◇◇—◇—◇
CunhaRSU◇——◇——◇
CunhaPSU◇◇◇—◇—◇
Daniel CunhaRSU◇——◇——◇
Daniel CunhaPSU◇◇◇—◇—◇
Edward LinnenRSU◇——◇——◇
Edward LinnenPSU◇◇◇—◇—◇
Edward LinnenPSU◇◇◇—◇—◇
FerraroPSU◇◇◇—◇—◇
FerraroRSU◇——◇——◇
Izzy MartinsRSU◇——◇——◇
Izzy MartinsPSU◇◇◇—◇—◇
Izzy MartinsPSU◇◇◇—◇—◇
Jagdeep PahwaRSU◇——◇——◇
Jagdeep PahwaPSU◇◇◇—◇—◇
Joseph FerraroPSU◇◇◇—◇—◇
Joseph FerraroRSU◇——◇——◇
LinnenRSU◇——◇——◇
LinnenPSU◇◇◇—◇—◇
LinnenPSU◇◇◇—◇—◇
MartinsRSU◇——◇——◇
MartinsPSU◇◇◇—◇—◇
MartinsPSU◇◇◇—◇—◇
PahwaRSU◇——◇——◇
PahwaPSU◇◇◇—◇—◇
Ravi SimhambhatlaRSU◇——◇——◇
Ravi SimhambhatlaPSU◇◇◇—◇—◇
Ravi SimhambhatlaPSU◇◇◇—◇—◇
SimhambhatlaRSU◇——◇——◇
SimhambhatlaPSU◇◇◇—◇—◇
SimhambhatlaPSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ravi SimhambhatlaRSU◇=——
RSU◇=——
Brian ChoiRSU◇=——
Edward LinnenRSU◇=——
RSU◇=——
Daniel CunhaRSU◇=——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lynn Krominga
Lead independent director
◇◇———◇◇
Glenn Lurie
◇◇———◇◇
Anu Hariharan
◇◇———◇◇
Bernardo Hees
◇◇———◇◇
Jagdeep Pahwa and Karthik Sarma served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alaska Air Group, Inc. ALK
  • American Airlines Group Inc. AAL
  • Asbury Automotive Group, Inc. ABG
  • AutoNation, Inc. AN
  • Choice Hotels International, Inc. CHH
  • Group 1 Automotive, Inc. GPI
  • Hertz Global Holdings, Inc. HAYW
  • Hyatt Hotels Corporation H
  • InterContinental Hotels Group PLC IHG
  • J.B. Hunt Transportation Services, Inc. symbol not shown
  • JetBlue Airways Corporation JBLU
  • KAR Auction Services, Inc. KAR
  • Norwegian Cruise Line Holdings Ltd. NCLH
  • Ryder System, Inc. R
  • Schneider National, Inc. SNDR
  • Travel + Leisure Co. TNL
  • United Airlines Holdings, Inc. UAL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 16, 2017=◇◇◇
2015May 20, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Brian Choi (CEO), FY2025 total compensation $5,921,410 (base salary $837,500) [exec_comp, SEC accession 0001140361-26-012980, filed 2026-04-02]

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What this page does not include

Everything above is a fact Avis Budget Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Avis Budget Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
336 figures on this page: 319 cited to the filing that reported them, 17 calculated from figures it prints.
319 cited to the filing
17 calculated from the filing

Documents cited

  1. 0000950142-26-001467
  2. 0001140361-26-012980
    Director Compensation
  3. 0000950142-25-001421
  4. 0001140361-25-010716
    Director Compensation
  5. 0001140361-24-027443
  6. 0001140361-24-017590
    Summary Compensation Table
  7. 0000950142-23-001545
  8. 0001140361-23-016710
    Summary Compensation Table
  9. 0000950142-22-001726
  10. 0001193125-21-175407
  11. 0000723612-20-000066
  12. 0000723612-19-000091
  13. 0000723612-18-000070
  14. 0000723612-17-000091
  15. 0000723612-16-000308
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Avis Budget Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CAR (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Avis Budget Group discloses

The companies named in CAR's own disclosed peer group.

Alaska Air Group, Inc.American Airlines Group Inc.Asbury Automotive Group, Inc.AutoNation, Inc.Choice Hotels International, Inc.Group 1 Automotive, Inc.Hertz Global Holdings, Inc.Hyatt Hotels CorporationJetBlue Airways CorporationNorwegian Cruise Line Holdings Ltd.Ryder System, Inc.Schneider National, Inc.Travel + Leisure Co.United Airlines Holdings, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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