secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001468327-23-000289
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway approves target-level FY23 bonuses plus retention payments for CEO, CFO, COO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000289/0001468327-23-000289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000289/wdq-20231020.htm
  HTML page:      https://secwatch.observer/filing/0001468327-23-000289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer