other material
confidence high
sentiment neutral
materiality 0.50
Rent the Runway approves target-level FY23 bonuses plus retention payments for CEO, CFO, COO
Rent the Runway, Inc.
- CEO Hyman receives $360K incremental retention; CFO Thacker $250K; COO Salinas $360K.
- Bonuses paid in three equal installments on Feb 1, Apr 15, and Jul 15, 2024, subject to continued employment.
- Total 2023 bonuses paid at target achievement level, replacing any otherwise payable bonuses.
- Unpaid portion accelerates upon change in control or termination without cause within 3 months of CIC.