Form 4: Green Dot Corp Executive Amy Myers Pugh Reports Stock Transactions
SEC Form 4
Amy Myers Pugh, General Counsel and Secretary of Green Dot Corp, reports acquisition and disposal of Class A Common Stock due to RSU vesting and tax withholding.
Summary
- Amy Myers Pugh, the General Counsel and Secretary of Green Dot Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 21, 2025, Pugh acquired 49,515 shares of Class A Common Stock at $0.00 related to a restricted stock unit (RSU) award.
- These RSUs vest in three equal installments on March 21, 2026, March 21, 2027, and March 21, 2028, contingent on continued service to the issuer.
- On March 23, 2025, 3,913 shares of Class A Common Stock were disposed of at $7.83 per share to cover income tax withholding obligations related to the RSU settlement.
- Following these transactions, Pugh directly owns 107,791 shares of Class A Common Stock.
- The reported transactions do not represent a sale by the reporting person but rather a tax obligation settlement.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions are related to standard RSU vesting and tax obligations, indicating a neutral sentiment.
Future Outlook
The reporting person's remaining RSUs will vest over the next three years, contingent on continued service to the issuer.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading.
- Companies like PayPal, Block (formerly Square), and other fintech firms also have executives who regularly file Form 4s to report their stock transactions.
- The vesting schedules and tax withholding practices described in this filing are typical for RSU awards in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions do not appear to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Acquisition of 49,515 shares of Class A Common Stock due to RSU vesting. |
| 03/21/2026 | First vesting date for 1/3 of the RSU shares. |
| 03/21/2027 | Second vesting date for 1/3 of the RSU shares. |
| 03/21/2028 | Final vesting date for 1/3 of the RSU shares. |
| 03/23/2025 | Disposal of 3,913 shares for tax withholding at $7.83 per share. |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Green Dot Corp, GDOT, Amy Myers Pugh, Class A Common Stock, RSU, Restricted Stock Unit, Tax Withholding
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