Form 4: Green Dot Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Teresa Watkins, Chief Operations Officer of Green Dot Corp, disposed of shares to cover income tax withholding obligations related to the net settlement of RSUs.
Summary
- On March 7, 2024, Teresa Watkins, the Chief Operations Officer of Green Dot Corp, disposed of 1,456 shares of Class A Common Stock.
- The shares were withheld by the issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of RSUs.
- The price per share was $8.52, which was the closing price of Green Dot Corp's Class A Common Stock on that day.
- Following the transaction, Watkins beneficially owns 33,613 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (tax-related share disposal) with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Executive share disposals for tax purposes are a common occurrence and generally don't indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: disposal of shares to cover tax obligations. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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