Form 4: Root Inc. Executive Jonathan Allison Reports Stock Transaction
SEC Form 4 Filing
Jonathan Allison, Chief Administrative Officer of Root, Inc., reports the disposal of 14 shares of Class A Common Stock to cover tax obligations.
Summary
- On May 16, 2024, Jonathan Allison, Chief Administrative Officer of Root, Inc., disposed of 14 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $61.81.
- Following the transaction, Allison directly owns 70,804 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of stock transaction |
| 05/20/2024 | Date of signature on the report |
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