Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(e)
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.
1
© Edgar Online, source Glimpses
METROMILE, INC. 
