4//SEC Filing
Binkley Megan 4
Accession 0001209191-23-045421
CIK 0001788882other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 4:09 PM ET
Size
7.7 KB
Accession
0001209191-23-045421
Insider Transaction Report
Form 4
Root, Inc.ROOT
Binkley Megan
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2023-08-09+70,904→ 77,106 total - Award
Performance-Based Restricted Stock Units
2023-08-09+15,922→ 15,922 totalExp: 2028-04-01→ Class A Common Stock (15,922 underlying)
Footnotes (2)
- [F1]Represents the grant of restricted stock units ("RSUs"). The shares subject to the RSUs vest on the following schedule: 16,646 on April 1, 2024; 18,024 on April 1, 2025; 18,117 on April 1, 2026; 18,117 on April 1, 2027.
- [F2]Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of ROOT Class A common stock. The PSUs vest in tranches of 1,592 on April 1, 2024; 3,184 on April 1, 2025; 4,777 on April 1, 2026; and 6,369 on April 1, 2026 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
Related Parties
1- filerCIK 0001828747
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 4:09 PM ET
- Size
- 7.7 KB