Form 4: Green Dot Corp CEO George Gresham Reports Stock Transaction
SEC Form 4 Filing
CEO George Gresham reports disposition of Green Dot Corp shares to cover tax obligations related to RSU settlement.
Summary
- On October 17, 2024, George Gresham, CEO and President of Green Dot Corp, reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 10,144 shares by the issuer to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- The price per share for the tax withholding was $11.95, based on the closing price of Green Dot's Class A Common Stock on October 17, 2024.
- Following the transaction, Gresham directly owns 721,231 shares of Class A Common Stock, which includes 3,021 shares acquired through the employee stock purchase plan on May 14, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is a routine part of executive compensation. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding executive stock transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| May 14, 2024 | Date of acquisition of 3,021 shares under the issuer's employee stock purchase plan. |
| October 17, 2024 | Date of transaction: withholding of shares for tax obligations related to RSU settlement. |
| October 18, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.