{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-029070","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2023-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.252077+00:00","generated_at":"2026-06-11T14:59:00.028090+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Root grants CEO 97,239 RSUs/209,896 PSUs, CTO $750K retention","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-029070","json":"https://secwatch.observer/filing/0001628280-23-029070.json","markdown":"https://secwatch.observer/filing/0001628280-23-029070.md","text":"https://secwatch.observer/filing/0001628280-23-029070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023029070/0001628280-23-029070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023029070/root-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T14:59:00.028090+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}