Root: Pay

Root paid its 4 named executives $20.6M in total in FY2025 (Dec). CEO Alexander Timm was paid $8.2M of that.

Pay$100 in the stock at the end of FY21 → $129
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Alexander TimmChief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)Not disclosed
FY2022 (Dec)Not disclosed
4 years
Mahtiyar BonakdarpourPresident & Chief Technology Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)Not disclosed
FY2022 (Dec)Not disclosed
4 years
Jonathan AllisonChief Administrative Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)Not disclosed
3 years
Megan BinkleyChief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
2 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 7 peers with pay on file was $9.0M. The CEO of Root was paid $8.2M, 9% below the median.

  1. 1Guidewire Software
  2. 2Marqeta
  3. 3Upstart Holdings
  4. 4Palomar Holdings
  5. 5Flywire
  6. 6HCI Group
  7. 7Root
  8. 8Lemonade
  9. 9Ambac Financial GroupNot disclosed
  10. 10AvidXchange HoldingsNot disclosed
  11. 11EvertecNot disclosed
  12. 12GoHealthNot disclosed
  13. 13Goosehead InsuranceNot disclosed
  14. 14Int’l Money ExpressNot disclosed
  15. 15Lending ClubNot disclosed
  16. 16MoneyLionNot disclosed
  17. 17Safety Ins. GroupNot disclosed
  18. 18The Baldwin Ins. GroupNot disclosed
  19. 19TiptreeNot disclosed
  20. 20United Fire GroupNot disclosed
  21. 21Universal Ins. HoldingsNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.