Form 4: Green Dot Corp Executive Reports Stock Transaction

Christian Ruppel, Chief Revenue Officer of Green Dot Corp, had shares withheld to cover tax obligations related to the net settlement of PRSUs.

Summary

• Christian Ruppel, Chief Revenue Officer of Green Dot Corp, had 342 shares of Class A Common Stock withheld by the company on December 15, 2024.
• This withholding was to satisfy income tax obligations related to the net settlement of Performance Restricted Stock Units (PRSUs).
• The share price used for the transaction was $11.00, which was the closing price on December 13, 2024.
• The transaction is not a sale by the reporting person but a withholding for tax purposes.
• Ruppel's total holdings include 167,850 shares, which includes shares acquired through the employee stock purchase plan on May 14, 2024 and November 14, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is typical for executives receiving stock-based compensation, where a portion of shares are withheld to cover tax obligations.
• Similar filings are made by executives at comparable companies such as PayPal, Block, and Fiserv when they have stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding and not a sale by the executive.

Key Dates

Keywords

Green Dot Corp, GDOT, insider trading, Form 4, stock transaction, Christian Ruppel, Chief Revenue Officer, tax withholding, PRSUs, employee stock purchase plan