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Becky Case, Senior Vice President of Engineering at Rent the Runway , Inc. (NASDAQ:RENT), recently sold a portion of her holdings in the company. According to a recent SEC filing, Case sold 827 shares of Class A Common Stock on March 17, 2025. The shares were sold at a weighted average price of $4.36 per share, yielding a total transaction value of $3,605. The transaction comes as the company’s stock trades near its InvestingPro Fair Value, despite facing significant challenges with a $373.7M debt burden and declining stock performance, down 56% over the past six months.
The sale was conducted to cover taxes upon the vesting of restricted stock units, as part of a standing Rule 10b5-1 instruction dated January 4, 2022. Following this transaction, Case’s direct ownership in Rent the Runway stands at 24,554 shares. The price range for the shares sold was between $3.98 and $4.67, reflecting the weighted average mentioned.
This transaction highlights the routine adjustments executives make to manage their equity compensation and tax obligations.
In other recent news, Rent the Runway, Inc. has introduced a new cash retention bonus program for its executive officers and other eligible participants for the fiscal year 2025. This initiative aims to incentivize key leadership, including Co-Founder, CEO, President, and Chair Jennifer Hyman, and CFO Siddharth Thacker. The bonus structure is designed with a focus on rewarding performance and loyalty, with half of the bonus tied to growth in active subscribers and the other half to continued service. Bonuses will be distributed quarterly, allowing participants to earn between 75% to 100% of the target level based on meeting specific performance thresholds. Hyman’s target retention bonus is set at $1.5 million, while Thacker’s is $420,000. Additionally, the company announced the resignation of board member Emil Michael, which was not due to any disagreements on company operations or policies. The changes were disclosed in a recent SEC filing, highlighting Rent the Runway’s strategic efforts to maintain strong leadership amid ongoing growth and development.
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