Form 4: Green Dot Corp CFO Jess Unruh Disposes of Shares to Cover Tax Obligations

Green Dot Corp's CFO, Jess Unruh, disposed of 3,218 shares of Class A Common Stock to cover income tax withholding obligations related to the net settlement of RSUs.

Summary

• On March 7, 2024, Jess Unruh, the Chief Financial Officer of Green Dot Corp, disposed of 3,218 shares of Class A Common Stock.
• The transaction was executed to satisfy income tax withholding and remittance obligations related to the net settlement of Restricted Stock Units (RSUs).
• The shares were withheld by the issuer at a price of $8.52 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 86,643 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes upon the vesting of stock awards or RSUs.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates