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Root Inc Executive Compensation (FY25)

ROOT · Columbus, OH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Alexander Timm
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 3, 2026Latest filing (8-K): June 8, 2026
11 filings cited on this page
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226 figures on this page: 221 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Alexander Timm: $10,653,120 → $8,163,348 (23.4% lower)
CEO pay ratio: 148:1 → 119:1 (19.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Root Inc's chief executive and what were they paid?
Alexander Timm was paid $8,163,348 in total compensation as Co-Founder, CEO and Director for fiscal 2025. Timm's total moved 23.4% lower from the $10,653,120 reported for fiscal 2024.
What was Root Inc's say-on-pay result?
The say-on-pay proposal drew 85.4% support at the meeting held June 4, 2026 for fiscal 2025.
Which companies are in Root Inc's peer group?
The disclosed peer group includes Ambac Financial Group, AvidXchange Holdings, Flywire, GoHealth and Guidewire Software, among others. The New Peer Group includes Bread Financial Holdings, OneMain Holdings, Trupanion and WEX. Companies named in the additional disclosed peer group include EVERTEC, Goosehead Insurance, Int'l Money Express and Lending Club.
What is Root Inc's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 119:1, against median employee compensation of $68,634.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mahtiyar Bonakdarpour
Chief Technology Officer
◇◇◇—◇—◇◇
Daniel Rosenthal
Former Chief Revenue and Operations Officer and Chief Financial Officer
Departed during or after this year
◇◇◇—◇—◇◇
Alexander Timm
Co-Founder, CEO and Director
◇—◇—◇—◇◇
Robert Bateman
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Hemal Shah
Former Chief Product Officer
Departed during or after this year
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alexander Timm
Co-Founder, CEO and Director
◇◇◇—◇—◇◇
Mahtiyar Bonakdarpour
President and Chief Technology Officer
◇◇◇—◇—◇◇
Jonathan Allison
Chief Administrative Officer
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alexander Timm
Co-Founder, CEO and Director
◇—◇—◇—◇◇
Mahtiyar Bonakdarpour
President and Chief Technology Officer
◇—◇—◇—◇◇
Jonathan Allison
Chief Administrative Officer
◇—◇—◇—◇◇
Megan Binkley
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alexander Timm
Co-Founder, CEO and Director
◇—◇—◇—◇◇
Mahtiyar Bonakdarpour
President and Chief Technology Officer
◇—◇—◇—◇◇
Jonathan Allison
Chief Administrative Officer
◇—◇—◇—◇◇
Megan Binkley
Chief Financial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alexander TimmPSU◇◇◇—◇—◇
Jonathan AllisonPSU◇◇◇—◇—◇
Mahtiyar BonakdarpourPSU◇◇◇—◇—◇
Megan BinkleyPSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jonathan AllisonOption◇—◇7/15/2029
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/12/2027
RSU◇◇——
Alexander TimmRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mahtiyar BonakdarpourRSU◇◇——
RSU◇◇——
Option◇—◇4/17/2029
RSU◇◇——
Option◇—◇7/20/2028
RSU◇◇——
RSU◇◇——
RSU◇◇——
Megan BinkleyOption◇—◇8/28/2030
RSU◇◇——
Option◇—◇4/17/2029
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Alexander Timm
Co-Founder, CEO and Director · Employment agreement · citing a 2021 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Megan Binkley
Chief Financial Officer · Employment agreement · citing a 2023 filing
Severance multiple◇
Severance base◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lawrence Hilsheimer
Lead independent director
◇◇————◇
Julie Szudarek
◇◇————◇
Nancy Kramer
◇◇————◇
Douglas Ulman
◇◇————◇
Jerri DeVard
◇◇————◇
Donna Dorsey
◇◇————◇
Beth Birnbaum
◇◇————◇
Alexander Timm served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x current annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ambac Financial Group OSG
  • AvidXchange Holdings AVDX
  • Flywire FLYW
  • GoHealth GOCO
  • Guidewire Software GWRE
  • HCI Group HCI
  • Lemonade LMND
  • LendingClub LC
  • Marqeta MQ
  • MoneyLion ML
  • Palomar Holdings PLMR
  • Safety Insurance Group SAFT
  • The Baldwin Insurance Group BWIN
  • Tiptree TIPT
  • United Fire Group UFCS
  • Universal Insurance Holdings UVE
  • Upstart Holdings UPST
New Peer Group
  • Bread Financial Holdings BFH
  • OneMain Holdings OMF
  • Trupanion TRUP
  • WEX WEX
Additional disclosed peer group
  • EVERTEC EVTC
  • Goosehead Insurance GSHD
  • Int'l Money Express IMXI
  • Lending Club symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2024June 4, 2025=◇◇◇
2023June 5, 2024=◇◇◇
2022June 6, 2023=◇◇◇
2021June 7, 2022=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Alexander Timm (Co-Founder, CEO and Director), FY2025 total compensation $8,163,348 (base salary $750,000) [exec_comp, SEC accession 0001788882-26-000033, filed 2026-04-24]

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What this page does not include

Everything above is a fact Root Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Root Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
226 figures on this page: 221 cited to the filing that reported them, 5 calculated from figures it prints.
221 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001788882-26-000049
  2. 0001788882-26-000033
    CEO Pay Ratio · Non-Employee Director Compensation Policy · Non-Employee Director Compensation Table · OUR BOARD OF DIRECTORS RECOMMENDSVOTE & · and 2 more sections
  3. 0001788882-25-000010
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-25-019802
    2024 Summary Compensation Table
  5. 0001628280-24-027401
  6. 0001628280-24-018439
    2023 Summary Compensation Table · NAMED EXECUTIVE OFFICER COMPENSATION
  7. 0001628280-23-021656
  8. 0001628280-23-013383
    2022 Summary Compensation Table
  9. 0001788882-22-000022
  10. 0001788882-21-000011
    EX-10.7
  11. 0001628280-23-005851
    EX-10.24
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Velarion, “Root Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ROOT (accessed 2026).
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11 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Root Inc discloses

The companies named in ROOT's own disclosed peer group.

Ambac Financial GroupAvidXchange HoldingsFlywireGoHealthGuidewire SoftwareHCI GroupLemonadeMarqetaMoneyLionPalomar HoldingsSafety Insurance GroupThe Baldwin Insurance GroupTiptreeUnited Fire GroupUniversal Insurance HoldingsUpstart HoldingsBread Financial HoldingsOneMain HoldingsTrupanionWEXEVERTECGoosehead InsuranceInt'l Money Express

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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