Rent the Runway (RENT) CEO Thomas L. Paige Receives Award

What Happened Thomas L. Paige, CEO, President and Director of Rent the Runway (RENT), was granted 277,110 restricted stock units (RSUs) on 2026-09-14. The filing reports the award as a derivative acquisition at $0.00 per share (total reported value $0), meaning the RSUs are a contingent right to receive shares in the future rather than an immediate cash purchase.

Key Details

• Transaction date and price: 2026-09-14; 277,110 RSUs @ $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Each RSU represents the contingent right to one share of Class A common stock. Vesting: 25% on September 14, 2027, with the remaining 75% vesting in 6.25% installments thereafter (per footnote F1).
• Filing timeliness: Reported on 2026-09-16 for a 2026-09-14 transaction — appears to be filed within the required Form 4 window (timely).

Context RSUs are compensation grants that convert into actual shares only upon vesting; they are recorded here as a derivative award and do not indicate an immediate cash outlay or market purchase. Such awards are common for executive compensation and do not by themselves signal a buy or sell decision in the open market.