SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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|Item 5.02||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
Restricted Stock Units
On August 7, 2021, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Metromile, Inc., awarded restricted stock units (“RSUs”) to certain of its directors and named executive officers under the Metromile, Inc. 2021 Equity Incentive Plan (the “Plan”). Each RSU represents the right to receive one share of common stock of Metromile, Inc. if and when the RSU vests. A total of 378,453 RSUs were awarded to Paw Andersen, Chief Technology Officer and a total of 113,536 RSUs were awarded to Mark Gundacker, Chief People Officer (together, the “Officer Grantees”). The RSUs awarded to each Officer Grantee will generally vest in equal installments quarterly over four years following the Officer Grantee’s vesting start date, subject to continuous service.
Base Salary Increases
On August 7, 2021, the Committee increased the annual
base salary of Mr. Andersen to $300,000, effective as of July 1, 2021.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Dated: August 12, 2021||METROMILE, INC.|
|By:||/s/ Dan Preston|
|Title:||Chief Executive Officer|