Form 4: Green Dot Corp CFO Jess Unruh Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Green Dot Corp, Jess Unruh, disposed of 410 shares of Class A Common Stock to cover income tax withholding obligations related to the net settlement of RSUs.
Summary
- On March 11, 2024, Jess Unruh, the Chief Financial Officer of Green Dot Corp, disposed of 410 shares of Class A Common Stock.
- The disposal was to satisfy income tax withholding obligations related to the net settlement of RSUs.
- The shares were withheld by the issuer at a price of $9.02 per share, which was the closing price of Green Dot Corp's Class A Common Stock on that day.
- Following the transaction, Unruh still beneficially owns 86,233 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to dispose of shares to cover tax liabilities arising from the vesting of stock options or RSUs.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Jess Unruh disposed of shares to cover tax obligations. |
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.