Root (ROOT) CEO Timm reports PSU awards and tax-withheld share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Root, Inc. Chief Executive Officer Alexander E. Timm reported equity compensation activity involving Class A Common Stock. On February 18, he acquired 113,659 and 8,736 shares at $0.00 per share through grants and vesting of performance-based restricted share units under the 2020 Equity Incentive Plan.
On February 19, the company withheld 10,508 and 3,962 shares at $61.59 per share to cover tax obligations tied to those vesting PSUs, leaving his direct holdings at 259,337 shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Timm Alexander E.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 10,508 | $61.59 | $647K |
| Tax Withholding | Class A Common Stock | 3,962 | $61.59 | $244K |
| Grant/Award | Class A Common Stock | 113,659 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 8,736 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 254,563 shares (Direct)
Footnotes (1)
- Reflects Performance-Based Restricted Share Units ("PSUs") granted under the Issuer's 2020 Equity Incentive Plan. One-quarter of the PSUs vested upon the certification of performance by the Compensation Committee and the remainder vest annually (25% per year) on January 1, 2027, January 1, 2028, and January 1, 2029. These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of PSUs. Vesting of PSUs granted under the Issuer's 2020 Equity Incentive Plan upon the certification of performance by the Compensation Committee.
FAQ
What insider transactions did ROOT CEO Alexander Timm report?
Alexander Timm reported equity grant and tax-withholding transactions in Root, Inc. Class A Common Stock. He received performance-based restricted share units and had shares withheld by the company to satisfy related tax obligations following PSU vesting under the 2020 Equity Incentive Plan.
What equity plan governs the ROOT CEO’s reported PSU awards?
The reported performance-based restricted share units for Alexander Timm were granted under Root, Inc.’s 2020 Equity Incentive Plan. Vesting followed certification of performance by the Compensation Committee, with remaining portions scheduled to vest annually on January 1, 2027, 2028, and 2029.