Form 4: Green Dot General Counsel's Routine Stock Withholding

Green Dot's General Counsel, Amy Myers Pugh, reported routine stock dispositions for tax obligations related to RSU vesting.

Summary

• Amy Myers Pugh, General Counsel and Secretary of Green Dot Corp (GDOT), reported two transactions involving the disposition of Class A Common Stock.
• On March 21, 2026, 4,732 shares were withheld by the issuer at a price of $11.04 per share to satisfy income tax withholding obligations related to the net settlement of Restricted Stock Units (RSUs).
• On March 23, 2026, an additional 3,913 shares were withheld by the issuer at a price of $11.27 per share for similar income tax withholding obligations related to RSU net settlement.
• These transactions do not represent a discretionary sale by the reporting person.
• Following these transactions, Amy Myers Pugh beneficially owns 96,516 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a routine compliance filing detailing non-discretionary share withholdings for tax purposes related to RSU vesting, which is a standard practice in executive compensation.

Positives

• The underlying event, RSU vesting, indicates that the General Counsel has met performance or tenure requirements, reflecting continued executive retention.
• The company is fulfilling its compensation obligations to a key executive.

Negatives

• The reporting person's direct beneficial ownership of Class A Common Stock decreased by a total of 8,645 shares due to tax withholding, though this is a non-discretionary event.

Industry Context

StockSavvy.ai notes that routine Form 4 filings for tax-related share withholdings upon RSU vesting are common across publicly traded companies. These transactions are standard compensation practices and typically do not reflect discretionary trading decisions by insiders or significant shifts in company strategy.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, non-discretionary transactions for tax purposes and do not signal a change in management's confidence or company fundamentals.
• Employees: The RSU vesting indicates continued compensation and retention of a key executive.

Key Dates

Keywords

Green Dot Corp, GDOT, Form 4, insider transaction, stock withholding, RSU vesting, tax obligations, beneficial ownership, Amy Myers Pugh