Root, Inc. (ROOT) CAO has 490 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Root, Inc. reported that Chief Accounting Officer Ryan Forish had 490 shares of Class A common stock withheld at $54.86 per share to cover tax obligations from vesting restricted stock units. After this tax-withholding disposition, he directly holds 24,610 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Forish Ryan
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 490 | $54.86 | $27K |
Holdings After Transaction:
Class A Common Stock — 24,610 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 490 shares
Transaction price: $54.86 per share
Shares held after transaction: 24,610 shares
3 metrics
Tax-withheld shares
490 shares
Withheld to satisfy RSU tax obligations
Transaction price
$54.86 per share
Valuation used for withheld shares
Shares held after transaction
24,610 shares
Direct Class A common stock holdings post-transaction
Key Terms
restricted stock units, tax withholding obligations, Chief Accounting Officer
3 terms
restricted stock units financial
"tax withholding obligations associated with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
Chief Accounting Officer financial
"Forish Ryan, Chief Accounting Officer of Root, Inc."
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What insider transaction did Root (ROOT) disclose for Ryan Forish?
Root reported that Chief Accounting Officer Ryan Forish had 490 shares of Class A common stock withheld. The shares were used to satisfy tax obligations tied to vesting restricted stock units, rather than being sold on the open market.
Was the Root (ROOT) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 490 shares were withheld by Root to cover tax withholding obligations from restricted stock unit vesting, a routine compensation-related event rather than a discretionary sale of shares.