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Get filing alertsPeloton names Siddharth Thacker as permanent CFO with $8M equity package
Filed May 26, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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Siddharth Thacker appointed permanent CFO effective June 22, 2026, replacing interim CFO Saqib Baig who returns to Chief Accounting Officer role. Thacker previously served as CFO of Rent the Runway.
Item 5.02 verify on EDGAR → -
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New CFO compensation includes $635,000 base salary, 60% annual bonus target (prorated for 2026), and $8 million in equity awards split between time-based ($5.75M) and performance-based ($2.25M) restricted stock units, subject to board approval.
Item 5.02: Compensation verify on EDGAR → -
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Thacker will participate in Peloton's Severance and Change in Control Plan as a Tier 1 participant, providing severance protections in termination or change-of-control scenarios.
Item 5.02: Severance verify on EDGAR →
Summary
Peloton has ended its search for a permanent CFO by appointing Siddharth Thacker, who most recently led finance at Rent the Runway. The hire brings stability to the finance function after Saqib Baig served in an interim capacity.
Thacker's compensation package—anchored by $8 million in equity awards with both time-based and performance-based vesting—signals the board's commitment to retention and aligns his interests with long-term shareholder value. For retail investors, this appointment matters because CFO stability is critical during Peloton's ongoing business transformation.
Thacker's background in subscription-based businesses and investment management could prove valuable as the company works to improve profitability and cash flow. The substantial equity component of his pay package means he has significant skin in the game. Watch for Thacker's first earnings call and any strategic shifts in capital allocation or financial guidance. His performance-based equity vesting terms, once disclosed in detail, will reveal what specific financial targets the board has prioritized for the next few years.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Peloton appointed a new CFO (Mr. Thacker) effective May 21, 2026, announced via press release on May 26, 2026.
Added in current filing · verify on EDGAR →
On May 26, 2026, the Company issued a press release announcing Mr. Thacker’s appointment as CFO, as described in this Current Report on Form 8-K.
Peloton Interactive disclosed the appointment of Mr. Thacker as Chief Financial Officer. The announcement was made through a press release on May 26, 2026, with the appointment effective as of the period date May 21, 2026. This represents a leadership change in the company's finance function.
Event · Item 9.01 — Financial Statements and Exhibits
Peloton appointed Siddharth Thacker as CFO effective May 21, 2026.
Added in current filing · verify on EDGAR →
Offer Letter, by and between Siddharth Thacker and Peloton Interactive, Inc., dated May 21, 2026.
Peloton hired Siddharth Thacker as Chief Financial Officer, with an offer letter executed on May 21, 2026. The company issued a press release on May 26, 2026 announcing the appointment. This represents a new CFO joining the executive team.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 27, 2026 · How we verify