Form 4: Green Dot Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Teresa Watkins, Chief Operations Officer of Green Dot Corp, disposed of 160 shares of Class A Common Stock to cover income tax withholding obligations.
Summary
- On September 9, 2024, Teresa Watkins, the Chief Operations Officer of Green Dot Corp, disposed of 160 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 $11.68 per share, which was the closing price of Green Dot Corp's Class A Common Stock on that day.
- Following the transaction, Watkins directly owns 70,572 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't significantly impact the overall sentiment towards the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They are often related to compensation packages and tax obligations. The transactions themselves are not necessarily indicative of the company's performance or future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Teresa Watkins disposed of 160 shares of Class A Common Stock. |
| 09/11/2024 | Date of report filing. |
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