0001209191-23-045421.txt : 20230811
0001209191-23-045421.hdr.sgml : 20230811
20230811160907
ACCESSION NUMBER: 0001209191-23-045421
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230809
FILED AS OF DATE: 20230811
DATE AS OF CHANGE: 20230811
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Binkley Megan
CENTRAL INDEX KEY: 0001828747
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 231164136
MAIL ADDRESS:
STREET 1: C/O ROOT, INC.
STREET 2: 80 E RICH STREET, SUITE 500
CITY: COLUMBUS
STATE: OH
ZIP: 43215
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Root, Inc.
CENTRAL INDEX KEY: 0001788882
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 842717903
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 80 E RICH STREET
STREET 2: SUITE 500
CITY: COLUMBUS
STATE: OH
ZIP: 43215
BUSINESS PHONE: (614) 591-4568
MAIL ADDRESS:
STREET 1: 80 E RICH STREET
STREET 2: SUITE 500
CITY: COLUMBUS
STATE: OH
ZIP: 43215
FORMER COMPANY:
FORMER CONFORMED NAME: Root Stockholdings, Inc.
DATE OF NAME CHANGE: 20190919
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-08-09
0
0001788882
Root, Inc.
ROOT
0001828747
Binkley Megan
C/O ROOT, INC.
80 E. RICH STREET, SUITE 500
COLUMBUS
OH
43215
0
1
0
0
Chief Financial Officer
0
Class A Common Stock
2023-08-09
4
A
0
70904
0.00
A
77106
D
Performance-Based Restricted Stock Units
2023-08-09
4
A
0
15922
0.00
A
2028-04-01
Class A Common Stock
15922
15922
D
Represents the grant of restricted stock units ("RSUs"). The shares subject to the RSUs vest on the following schedule: 16,646 on April 1, 2024; 18,024 on April 1, 2025; 18,117 on April 1, 2026; 18,117 on April 1, 2027.
Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of ROOT Class A common stock. The PSUs vest in tranches of 1,592 on April 1, 2024; 3,184 on April 1, 2025; 4,777 on April 1, 2026; and 6,369 on April 1, 2026 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.
/s/ Jodi Baker, Attorney-in-fact
2023-08-11