Form 4: Root Inc. CFO Megan Binkley Reports Stock Transaction
SEC Form 4 Filing
Megan Binkley, CFO of Root, Inc., reports the disposal of 42 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units on August 1, 2024.
Summary
- On August 1, 2024, Megan Binkley, the Chief Financial Officer of Root, Inc., disposed of 42 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The price per share was $57.74.
- Following the transaction, Binkley directly owns 69,714 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being transacted to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock transaction where 42 shares were disposed of to cover tax obligations. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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