Form 4: Root Inc. CFO Megan Binkley Reports Stock Transactions

Chief Financial Officer Megan Binkley reports transactions involving Root, Inc. Class A Common Stock, including the vesting of performance-based restricted stock units and shares withheld for tax obligations.

Summary

• On April 1, 2025, Megan Binkley, CFO of Root, Inc., engaged in transactions involving Class A Common Stock.
• These transactions included the withholding of 8,174 shares to cover tax obligations at a price of $128.6 per share, the vesting of 3,184 performance-based restricted stock units (PSUs), and the withholding of 1,444 shares for tax obligations related to the vesting of PSUs at a price of $128.6 per share.
• Following these transactions, Binkley directly owns 63,205 shares of Class A Common Stock and 11,146 derivative securities.
• The PSUs vest in tranches upon Root Class A common stock achieving specified average closing prices over 45 consecutive trading days.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The remaining PSUs will vest in tranches upon ROOT Class A common stock achieving specified average closing prices per share over 45 consecutive trading days on or after April 1, 2026.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and ownership positions. This filing indicates routine compensation and tax-related transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership reported by a key executive.
• Employees holding similar equity compensation may be interested in the vesting terms and tax implications.

Key Dates

Keywords

Form 4, ROOT, Megan Binkley, CFO, stock transaction, performance-based restricted stock units, PSU, Class A Common Stock, tax withholding