Form 4: Green Dot Corp CEO George Gresham Reports Stock Transaction

Green Dot Corp CEO George Gresham had 4,227 shares of Class A Common Stock withheld by the issuer to cover income tax obligations related to the net settlement of PRSUs.

Summary

• Green Dot Corp's CEO and President, George Gresham, had 4,227 shares of Class A Common Stock withheld by the company.
• This withholding was to satisfy income tax obligations related to the net settlement of Performance Restricted Stock Units (PRSUs).
• The price per share used for the withholding was $11.00, which was the closing price of Green Dot's Class A Common Stock on December 13, 2024.
• This transaction does not represent a sale by Mr. Gresham.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Stock withholding for tax obligations is a standard practice for companies that grant equity compensation to executives.
• The use of the closing price on a specific date for valuation is also a common practice.
• Many companies such as Block, PayPal, and Fiserv also use similar methods for executive compensation and tax withholding.

Stakeholder Impact

• The transaction has a neutral impact on shareholders as it is a standard procedure for tax withholding.

Key Dates

Keywords

Green Dot Corp, GDOT, George Gresham, CEO, Stock Transaction, Form 4, PRSUs, Tax Withholding, Class A Common Stock