Lemonade sets incoming CFO Nick Stead's annual base salary at $412,500
LMND•Lemonade set incoming CFO Nick Stead’s annual base salary at $412,500, with 80,000 restricted stock units vesting quarterly over four years starting March 1, 2027. Current CFO Tim Bixby will become a Class III director and receive a $50,000 annual cash retainer and annual stock awards worth $185,000 beginning in 2027.
1. CFO compensation
Nick Stead will become Lemonade’s CFO on January 1, 2027, succeeding Tim Bixby. Stead will receive a $412,500 annual base salary and 80,000 restricted stock units, vesting quarterly over four years beginning March 1, 2027.
2. Bixby’s board role
Bixby will transition to a Class III director role without severance, and his outstanding equity awards will continue vesting during his board service. He will receive a $50,000 annual cash retainer and annual restricted stock unit awards worth $185,000 starting at the 2027 shareholder meeting; the awards vest after one year, subject to continued board service, and he will receive no initial equity award.
