Pugh Amy Myers 4
4 · GREEN DOT CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Green Dot (GDOT) GC Amy Myers Pugh Withholds Shares for Taxes
What Happened
Amy Myers Pugh, General Counsel and Secretary of Green Dot Corporation (GDOT), had a total of 8,645 shares of Class A common stock withheld by the company to satisfy income tax withholding tied to the net settlement of restricted stock units (RSUs). The withholding occurred in two tranches: 4,732 shares at $11.04 each (≈ $52,241) and 3,913 shares at $11.27 each (≈ $44,100), for a combined value of about $96,341. Per the filing footnotes, these withholdings do not represent open‑market sales by the reporting person.
Key Details
- Transaction dates and prices:
- 2026-03-21: 4,732 shares withheld at $11.04 (value ≈ $52,241) — price based on 3/20/2026 close (footnote F1).
- 2026-03-23: 3,913 shares withheld at $11.27 (value ≈ $44,100) — price based on 3/23/2026 close (footnote F2).
- Total shares withheld: 8,645; total value ≈ $96,341.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: F1 and F2 state the shares were withheld by the issuer to satisfy income tax withholding in connection with net settlement of RSUs and do not represent a sale by the reporting person.
- Filing timeliness: Form filed 2026-03-24 for transactions on 2026-03-21 (no late‑filing flag indicated in the provided data).
Context
This was a tax-withholding transaction related to RSU settlement (a net share settlement), not an open-market sale. Companies commonly withhold shares to cover the employee’s tax obligations; such transactions are routine administrative actions and do not necessarily signal the insider’s view of the company’s prospects.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-21$11.04/sh−4,732$52,241→ 100,429 total - Tax Payment
Class A Common Stock
[F2]2026-03-23$11.27/sh−3,913$44,100→ 96,516 total
Footnotes (2)
- [F1]Represents shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs, based on a price of $11.04 per share, which represented the closing price of the issuer's Class A Common Stock on March 20, 2026, and does not represent a sale by the reporting person.
- [F2]Represents shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs, based on a price of $11.27 per share, which represented the closing price of the issuer's Class A Common Stock on March 23, 2026, and does not represent a sale by the reporting person.