Director at Green Dot (NYSE: GDOT) receives 17,496 RSUs tied to merger terms
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Millard Robert C. reported acquisition or exercise transactions in this Form 4 filing.
GREEN DOT CORP director Robert C. Millard reported an equity compensation grant of 17,496 shares of Class A Common Stock in the form of a restricted stock unit (RSU) award at no cash cost per share. Following this grant, he holds 87,026 shares directly.
The RSUs are scheduled to vest in full on the first anniversary of the grant date. Vesting will accelerate if the closing of the transactions under the Agreement and Plan of Merger among the issuer, CommerceOne Financial Corporation, and other parties dated November 23, 2025 occurs earlier, in which case vesting will be prorated based on days elapsed.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Millard Robert C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,496 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 87,026 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 17,496 shares
Transaction price per share: $0.00 per share
Shares held after grant: 87,026 shares
+2 more
5 metrics
RSU grant size
17,496 shares
Class A Common Stock RSU award to director
Transaction price per share
$0.00 per share
Equity compensation, not a cash purchase
Shares held after grant
87,026 shares
Director’s direct holdings following the RSU award
Vesting schedule
1-year cliff vesting
Full vesting on first anniversary of grant date
Merger agreement date
November 23, 2025
Agreement and Plan of Merger reference date
Key Terms
restricted stock unit ("RSU"), Agreement and Plan of Merger, prorated basis, numerator, +2 more
6 terms
restricted stock unit ("RSU") financial
"Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest..."
Agreement and Plan of Merger regulatory
"transactions contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
prorated basis financial
"the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product..."
numerator financial
"the numerator of which is the number of days elapsed from the date of grant..."
denominator financial
"the denominator of which is 365."
The denominator is the number on the bottom of a fraction that shows the total population or base used to calculate a rate, percentage or ratio — for example, the total shares outstanding when calculating earnings per share, or all trial participants when reporting a safety rate. It matters to investors because changing the denominator (by issuing more shares, changing the population measured, or narrowing the base) can make percentages and per‑unit figures look better or worse even if the underlying raw numbers stay the same, much like changing the size of a pizza makes each slice appear larger or smaller.
closing of the transactions regulatory
"with vesting to accelerate upon the occurrence of the closing of the transactions contemplated by the Agreement and Plan of Merger..."