Fanlo Saturnino Sixto 4
Research Summary
AI-generated summary
Green Dot (GDOT) Director Fanlo Saturnino Receives RSU Award
What Happened
Fanlo Saturnino Sixto, a director of Green Dot Corp (GDOT), received a grant of 17,496 restricted stock units (RSUs) on 2026-05-21. The award was granted at $0.00 per share (i.e., no cash paid by the insider). These RSUs represent a future right to receive 17,496 shares of Class A common stock subject to vesting conditions in the footnote.
Key Details
- Transaction date: 2026-05-21; Form 4 filed 2026-05-22. Transaction code: A (award/grant).
- Shares granted: 17,496 RSUs; acquisition price: $0.00 (grant).
- Shares owned after transaction: Not specified in the filing.
- Vesting (per footnote F1): RSUs vest in full on the first anniversary of the grant, but if the specified merger closing occurs before that date, vesting accelerates and is prorated based on days elapsed (vesting = total RSUs × days elapsed/365). The referenced merger agreement is dated November 23, 2025.
- No indication in the filing of a sale, purchase, or tax-withholding settlement at grant.
Context
RSU grants are a common form of executive/director compensation and do not transfer stock until vesting—so this is not an immediate market purchase or sale. The acceleration/proration tied to a merger closing is a standard provision that can speed up vesting if the company is acquired. The filing appears timely (reported the day after the transaction).