Rent the Runway (RENT) CCO receives 200,600 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thomas Paige L reported acquisition or exercise transactions in this Form 4 filing.
Rent the Runway, Inc. reported that Chief Commercial Officer Thomas Paige L received a grant of 200,600 restricted stock units (RSUs) tied to the company’s Class A common stock. Each RSU represents the contingent right to receive one share.
The filing states that these RSUs vest as to 25% on June 1, 2027, with the remaining 75% vesting in 6.25% installments after that date. Following this award, the reporting person holds 200,600 RSUs directly, reflecting a compensation-related equity grant rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas Paige L
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 200,600 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 200,600 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 200,600 RSUs
Vesting cliff: 25% of RSUs
Remaining vesting: 75% of RSUs
+2 more
5 metrics
RSUs granted
200,600 RSUs
Grant to Chief Commercial Officer on June 1, 2026
Vesting cliff
25% of RSUs
Vests on June 1, 2027
Remaining vesting
75% of RSUs
Vests in 6.25% installments after June 1, 2027
Holdings after grant
200,600 RSUs
Total restricted stock units held directly after transaction
Transaction price per unit
$0.00 per RSU
Compensation grant, not open-market purchase
Key Terms
Restricted Stock Units, Class A Common Stock, vest, Grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest financial
"The RSUs vest as to 25% on June 1, 2027, and the remaining 75% in 6.25% installments thereafter"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Rent the Runway (RENT) disclose about Thomas Paige L in this Form 4?
The filing shows Chief Commercial Officer Thomas Paige L received 200,600 restricted stock units. These RSUs are compensation-related equity awards, granting the right to receive Rent the Runway Class A common shares if vesting conditions are met over time.
How many Rent the Runway RSUs were granted to the Chief Commercial Officer?
The Chief Commercial Officer received 200,600 restricted stock units. Each RSU represents a contingent right to one share of Class A common stock, so the award could convert into 200,600 shares if all vesting requirements are satisfied.
What is the vesting schedule for the 200,600 RSUs at Rent the Runway (RENT)?
The 200,600 RSUs vest 25% on June 1, 2027. The remaining 75% vest in 6.25% installments thereafter, meaning the award is spread over multiple future dates, encouraging long-term alignment with company performance.
Is this Rent the Runway Form 4 an open-market stock purchase or sale?
No, the Form 4 reflects a grant of restricted stock units, not an open-market trade. The transaction code is “A” for grant, award, or other acquisition, indicating compensation rather than buying or selling shares on the market.
How many Rent the Runway equity awards does Thomas Paige L hold after this grant?
After this transaction, the reporting person holds 200,600 restricted stock units. These RSUs are held directly and represent potential future Class A common shares, subject to the disclosed vesting schedule and any continued service conditions.