---
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"
generated_at: "2026-06-11T14:59:00.028090+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-029070
- JSON: https://secwatch.observer/filing/0001628280-23-029070.json
- Plain text: https://secwatch.observer/filing/0001628280-23-029070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.