Root board approves $750k cash payment to CTO, equity grants to chief execs
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Root board approves $750k cash payment to CTO, equity grants to chief execs

Root logo Ohio.jpg

Root Insurance’s board has approved a cash payment of $750,000 to chief technology officer Matt Bonakdarpour.

According to a regulatory filing Friday, the executive will be required to repay all or part of the payment if he resigns without “good reason” or be terminated for cause on or prior to August 9, 2025.

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