GREEN DOT CORP 8-K

What Happened Green Dot Corporation filed an 8-K (Item 5.02) on April 7, 2026 reporting that, on April 6, 2026, its Compensation Committee approved a one-time discretionary bonus opportunity for CEO William I. Jacobs. The bonus—up to $1,250,000 in cash—covers Mr. Jacobs’ service from January 8, 2026 through the closing of the proposed transactions under the Agreement and Plan of Merger dated November 23, 2025 (the “Closing”).

Key Details

• Bonus approved: up to $1,250,000 in cash.
• Eligibility period: January 8, 2026 through the Closing of the proposed merger (Agreement and Plan of Merger dated Nov 23, 2025).
• Condition: Mr. Jacobs must continue to serve as CEO through the Closing; any award is discretionary and will be determined by the Compensation Committee immediately prior to the Closing.
• Payment timing: any bonus awarded will be payable upon Mr. Jacobs’ cessation of service as CEO in connection with the Closing.

Why It Matters This disclosure informs investors about potential executive compensation tied to the company’s pending merger-related transaction. The award is discretionary and contingent on continued service through the Closing, so it represents a possible one-time cash cost to shareholders that will be finalized only if the Closing occurs and the Committee approves an amount.