Root grants CEO 97,239 RSUs/209,896 PSUs, CTO $750K retention

Root, Inc.

Comp committee replaced annual LTI with four-year RSU/PSU grants for CEO, CFO, and CTO, effective Aug 9, 2023.
CEO Timm: 97,239 RSUs & 209,896 PSUs; CFO Binkley: 70,904 RSUs & 15,922 PSUs; CTO Bonakdarpour: 72,316 RSUs & 143,476 PSUs.
CTO Bonakdarpour also gets $750,000 cash retention in Aug 2023, repayable if he leaves before Aug 9, 2025.
Clawback schedule: 100% if termination before Aug 9, 2024; 50% if Aug 10, 2024–Feb 9, 2025; 25% if Feb 10–Aug 9, 2025.
PSUs vest based on time (4-year tranches) and stock price goals; unvested units forfeited upon termination per employment agreements.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.