AI assistant
Root, Inc. — Director's Dealing 2023
Aug 11, 2023
31970_dirs_2023-08-11_7d803ecc-e8fc-4325-b9ff-0ecacec17a35.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Root, Inc. (ROOT)
CIK: 0001788882
Period of Report: 2023-08-09
Reporting Person: Timm Alexander E. (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-09 | Class A Common Stock | A | 97239 | $0.00 | Acquired | 162587 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-08-09 | Performance-Based Restricted Stock Units | $ | A | 209896 | Acquired | 2028-04-01 | Class A Common Stock (209896) | Direct |
Footnotes
F1: Represents the grant of restricted stock units ("RSUs"). The shares subject to the RSUs vest on the following schedule: 18,949 on April 1, 2025; 32,997 on April 1, 2026; 45,293 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 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 after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.