4//SEC Filing
Binkley Megan 4
Accession 0001628280-24-014636
CIK 0001788882other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:05 PM ET
Size
11.6 KB
Accession
0001628280-24-014636
Insider Transaction Report
Form 4
Root, Inc.ROOT
Binkley Megan
Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock
2024-04-01$60.52/sh−7,549$456,865→ 68,928 total - Exercise/Conversion
Class A Common Stock
2024-04-02+1,592→ 70,520 total - Tax Payment
Class A Common Stock
2024-04-02$62.08/sh−722$44,822→ 69,798 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2024-04-02−1,592→ 14,330 totalExp: 2028-04-01→ Class A Common Stock (1,592 underlying) - Tax Payment
Class A Common Stock
2024-04-01$60.52/sh−245$14,827→ 76,477 total
Footnotes (2)
- [F1]These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- [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, 2027 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days on or after such date. 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
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:05 PM ET
- Size
- 11.6 KB