---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-048094"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:50:49.307598+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-048094
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000162828024048094/0001628280-24-048094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828024048094/root-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-048094
- JSON: https://secwatch.observer/filing/0001628280-24-048094.json
- Plain text: https://secwatch.observer/filing/0001628280-24-048094.txt

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