Lemonade CFO Tim Bixby to move to board Jan 1, 2027; Nick Stead named CFO at $412,500 salary

Lemonade, Inc.

Bixby continues as CFO through January 1, 2027, then becomes a Class III director; transition letter gives no severance or separation payments.
As non-employee director, Bixby gets a $50,000 annual cash retainer plus a $185,000 annual RSU award starting with the 2027 annual meeting; no initial equity award.
Stead's employment agreement (signed October 12, 2026) sets annual base salary of $412,500 and 80,000 RSUs vesting quarterly over 4 years from March 1, 2027.
Bixby's outstanding equity awards continue to vest during his board service, as the move is not a termination under the 2020 Incentive Award Plan.
Amendment No. 1 to the July 29, 2026 Form 8-K supplies compensation terms not yet determined at the original filing.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Tim Bixby

Class III Director

LMND · Lemonade, Inc.

Effective: 2027-01-01
Successor: Nick Stead
Filed: October 15, 2026, 5:13 PM ET

Compensation of Mr. Bixby as Class III member of the Board effective January 1, 2027 On October 12, 2026, the Company and Mr. Bixby entered into a transition letter agreement (the "Transition Agreement"). Pursuant to the Transition Agreement, Mr. Bixby will continue to serve as the CFO through January 1, 2027.

Appointed

Nick Stead

Chief Financial Officer

LMND · Lemonade, Inc.

Effective: 2027-01-01
Filed: October 15, 2026, 5:13 PM ET

Compensation of Mr. Stead as CFO effective January 1, 2027 On October 12, 2026, the Company and Mr. Stead entered into an employment agreement (the "Employment Agreement") in connection with his appointment as CFO.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Tim Bixby changed role as Class III Director at Lemonade, Inc..

Action: transitioned
Role: Class III Director

Exact text from the filing

Compensation of Mr. Bixby as Class III member of the Board effective January 1, 2027 On October 12, 2026, the Company and Mr. Bixby entered into a transition letter agreement (the "Transition Agreement"). Pursuant to the Transition Agreement, Mr. Bixby will continue to serve as the CFO through January 1, 2027.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nick Stead was appointed as Chief Financial Officer at Lemonade, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Compensation of Mr. Stead as CFO effective January 1, 2027 On October 12, 2026, the Company and Mr. Stead entered into an employment agreement (the "Employment Agreement") in connection with his appointment as CFO.

View on SEC.gov

Lemonade, Inc. filing history →

Source: SEC EDGAR

accession 0001691421-26-000061

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