4//SEC Filing
Timm Alexander E. 4
Accession 0001628280-24-014643
CIK 0001788882other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:09 PM ET
Size
11.6 KB
Accession
0001628280-24-014643
Insider Transaction Report
Form 4
Root, Inc.ROOT
Timm Alexander E.
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Class A Common Stock
2024-04-01$60.52/sh−3,550$214,846→ 151,351 total - Award
Class A Common Stock
2024-04-01+15,344→ 166,695 total - Exercise/Conversion
Class A Common Stock
2024-04-02+20,990→ 187,685 total - Tax Payment
Class A Common Stock
2024-04-02$62.08/sh−9,676$600,686→ 178,009 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2024-04-02−20,990→ 188,906 totalExp: 2028-04-01→ Class A Common Stock (20,990 underlying)
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 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 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 0001815994
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:09 PM ET
- Size
- 11.6 KB