The Lemonade Board approved the transition of outgoing CFO Tim Bixby to a Class III director and appointed Nick Stead as the new Chief Financial Officer, effective January 1, 2027. Bixby will continue serving as CFO through the transition date without severance, after which he will receive an annual $50,000 cash retainer and future equity awards under the Director Compensation Policy. Stead’s employment agreement includes a $412,500 base salary and 80,000 restricted stock units vesting quarterly over four years starting March 1, 2027. This filing amends a prior report to disclose these specific compensation details. Lemonade operates in the insurance technology sector.
