Form 4: Green Dot Corp CFO Jess Unruh Reports Stock Transaction for Tax Obligations
SEC Form 4
Green Dot Corp's Chief Financial Officer, Jess Unruh, had 292 shares of Class A Common Stock withheld by the issuer to cover income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
Summary
- Jess Unruh, the Chief Financial Officer of Green Dot Corp, had a transaction involving the company's Class A Common Stock on January 29, 2025.
- The transaction involved 292 shares of Class A Common Stock being withheld by Green Dot Corp.
- This withholding was to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- The price per share used for this transaction was $9.04, which was the closing price of Green Dot's Class A Common Stock on January 29, 2025.
- This transaction is not a sale by Jess Unruh but rather a withholding for tax purposes.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving their compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- The withholding of shares for tax obligations is a standard practice in companies that offer equity-based compensation.
- Many companies, such as Block (formerly Square) and PayPal, also use RSUs as part of their compensation packages, and similar tax withholding transactions are common.
- The specific number of shares withheld and the price are dependent on the individual's RSU vesting schedule and the company's stock price at the time of vesting.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of the stock transaction where 292 shares were withheld for tax obligations. |
| 01/30/2025 | Date the SEC Form 4 was signed. |
Keywords
Green Dot Corp, Jess Unruh, CFO, Class A Common Stock, Restricted Stock Units, RSUs, Tax Withholding, SEC Form 4, Insider Transaction
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.