I don't think redacting her name is necessary. Ms. Veach's full name, place of employment, and picture appear in the article.
Is it theft? Probably by the definition of the law. But it's also a bit nebulous in practice and expected repercussions.
I personally have pirated movies, jay walked, and danced at a bar in NYC, and would be perfectly fine with a news article quoting me admitting as much.
Is it illegal for Uber to skirt taxi laws? Is it illegal for AirBnb to ignore hotel laws? Probably. But no one is going to stop them and no one is going to stop Ms. Veach from borrowing a bike left in public.