Rent the Runway CEO Jennifer Hyman resigns; Teri Bariquit appointed interim CEO effective May 15

Rent the Runway, Inc.

Co-founder Jennifer Hyman steps down as CEO, President and Board member effective May 15, 2026; will remain advisor through Jan 2027 at $62,500/month.
Teri Bariquit, former Nordstrom CMO and current Board member, appointed interim CEO and President; receives $50,000/month plus up to $125,000 annual bonus and 100,000 PSUs.
Hyman receives $1.5875M closing payment vesting, acceleration of 103,047 RSUs, and a lifetime subscription to the rental service as part of separation.
Board will conduct a search for a permanent CEO; company reaffirms full-year 2026 financial guidance issued on April 14, 2026.

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Source: SEC EDGAR

accession 0000950103-26-007131

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