Schreiber Daniel A. 4
4 · Lemonade, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Lemonade (LMND) CEO Daniel Schreiber Receives RSU Award
What Happened
Daniel A. Schreiber, CEO of Lemonade, was granted a total of 1,000,000 restricted stock units (RSUs) on March 18, 2026: 820,000 time‑based RSUs and 180,000 performance RSUs. The awards were reported at $0.00 per share (award/grant code A); each RSU is a contingent right to receive one share of Lemonade common stock upon vesting. This is a compensation award, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-18 (Form 4 filed 2026-03-20). Filing appears timely (filed two days after the grant).
- Grant amount and type: 820,000 time‑based RSUs (F1) + 180,000 performance RSUs (F2) = 1,000,000 RSUs total.
- Price/value reported: $0.00 per RSU (typical for RSU awards; value will depend on Lemonade’s share price when/if they vest).
- Vesting (time‑based RSUs, F1): quarterly vesting over 8 years beginning June 1, 2026; 5% vests in year 1, 10% in year 2, 15% in year 3, 20% in years 4–5, 15% in year 6, 10% in year 7, and 5% in year 8.
- Performance RSUs (F2): vest only if Lemonade’s stock closes at or above $110 for 30 consecutive trading days within 24 months of the grant date.
- Shares owned after transaction: not specified in the provided Form 4 summary.
- Other note (F3): the filing indicates Schreiber is CEO of Dan and Dan Ltd. and has voting/dispositive control over shares held by that entity.
Context
RSUs are a form of equity compensation that convert into shares only when they vest; they are not immediate purchases or sales. Time‑based RSUs provide future shares according to a schedule; performance RSUs depend on meeting a stock‑price milestone. Such awards are routine components of executive compensation and do not by themselves indicate insider buying or selling intent.
Insider Transaction Report
- Award
COMMON STOCK
[F1]2026-03-18+820,000→ 844,327 total - Award
COMMON STOCK
[F2]2026-03-18+180,000→ 1,024,327 total
- 1,514,426(indirect: Directly held by Dan and Dan Ltd.)
COMMON STOCK
[F3]
Footnotes (3)
- [F1]Represents an award of restricted stock units ("RSUs"), which will vest in quarterly installments over 8 years, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date. The RSU begins vesting quarterly on June 1, 2026 with 5% of the award vesting during the first year, 10% during the second year, 15% during the third year, 20% during each of the fourth and fifth years, 15% during the sixth year, 10% during the seventh year and 5% during the eighth year. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represents an award of performance restricted stock units, which will vest if and only if the Company's stock price sustains a closing price of $110 for at least 30 consecutive trading days within 24 months of the Grant Date.
- [F3]The Reporting Person is Chief Executive Officer of Dan and Dan Ltd. ("Dan") and has voting and dispositive control over the shares held by Dan.