Form 4: Green Dot Corp Executive Teresa Watkins Disposes of Shares to Cover Tax Obligations

Teresa Watkins, Chief Operations Officer of Green Dot Corp, disposed of 656 shares of Class A Common Stock on July 22, 2024, to cover income tax withholding obligations.

Summary

• On July 22, 2024, Teresa Watkins, the Chief Operations Officer of Green Dot Corp, disposed of 656 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 based on a price of $9.48 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 70,732 shares of Green Dot Corp.
• The disposal does not represent a sale by the reporting person.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction related to tax obligations. It doesn't indicate any fundamental issues with the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes related to vesting equity awards.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates