Root grants performance-based RSUs to executives tied to 2025 adjusted EBITDA and new writings

Root, Inc.

CEO Alexander Timm granted 73,805 PSUs; CFO Megan Binkley 37,577; President/CTO Matt Bonakdarpour 66,207; CAO Jonathan Allison 35,790.
PSUs vest based on achievement of 2025 adjusted EBITDA and new policies written goals, with up to 200% payout.
After performance certification, 25% of earned units vest, with remaining 75% vesting annually over three years, subject to continued service.
In a Change in Control, performance period shortens and PSUs vest at greater of target or prorated actual achievement.

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