Form 4: Root, Inc. Executive Jonathan Allison Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Chief Administrative Officer Jonathan Allison of Root, Inc. reports the disposal of 14 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 18, 2024, Jonathan Allison, Chief Administrative Officer of Root, Inc., disposed of 14 shares of Class A Common Stock.
- The disposal was to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The price per share was $59.13.
- Following the transaction, Allison directly owns 75,623 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing relates to tax obligations, which is a common reason for stock disposals.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction: disposal of 14 shares of Class A Common Stock. |
| 03/20/2024 | Date of signature on the report. |
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