Form 4: Green Dot Corp Executive Ruppel Reports Tax Withholding Share Transaction
SEC Form 4
Christian Ruppel, Chief Revenue Officer of Green Dot Corp, reports the withholding of shares to cover income tax obligations related to RSU settlement.
Summary
- On March 7, 2024, Christian Ruppel, the Chief Revenue Officer of Green Dot Corp, had 2,340 shares of Class A Common Stock withheld by the issuer to satisfy income tax obligations.
- This withholding was related to the net settlement of Restricted Stock Units (RSUs).
- The price per share used for the withholding was $8.52, which was the closing price of Green Dot Corp's Class A Common Stock on that day.
- Following this transaction, Ruppel directly owns 69,212 shares of Green Dot Corp.
- The transaction did not represent a sale by the reporting person.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction related to tax obligations and executive compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Shares withheld for tax obligations related to RSU settlement. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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