Green Dot (GDOT) director granted 17,496 RSUs tied to merger-closing vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brewster J Chris reported acquisition or exercise transactions in this Form 4 filing.
GREEN DOT CORP director J. Chris Brewster received an equity award rather than buying shares on the market. He was granted 17,496 shares of Class A Common Stock in the form of a restricted stock unit award at no cash cost.
The RSUs are scheduled to vest in full on the first anniversary of the grant date. Vesting will accelerate, on a prorated basis, if the closing of the transactions under the Agreement and Plan of Merger among Green Dot, CommerceOne Financial Corporation and others occurs earlier. Following this grant, Brewster directly holds 150,711 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brewster J Chris
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,496 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 150,711 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 17,496 shares
Post-grant holdings: 150,711 shares
Vesting schedule: 1-year cliff
+1 more
4 metrics
RSU grant size
17,496 shares
Class A Common Stock restricted stock unit award
Post-grant holdings
150,711 shares
Shares of Class A Common Stock held directly after transaction
Vesting schedule
1-year cliff
RSUs vest in full on first anniversary of grant date
Prorated vesting formula
Days elapsed / 365
Used if CommerceOne merger closing occurs before first anniversary
Key Terms
restricted stock unit ("RSU"), Agreement and Plan of Merger, vesting to accelerate, prorated basis
4 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
"the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation and certain other parties..."
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.
vesting to accelerate financial
"with vesting to accelerate upon the occurrence of the closing of the transactions..."
prorated basis financial
"the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal..."
FAQ
What insider transaction did GREEN DOT CORP (GDOT) director J. Chris Brewster report?
Director J. Chris Brewster reported receiving 17,496 shares of Class A Common Stock as a restricted stock unit award. This is a compensation-related grant at no cash cost, not an open-market share purchase or sale.
When do J. Chris Brewster’s GREEN DOT CORP RSUs reported on Form 4 vest?
The 17,496 restricted stock units vest on the first anniversary of the grant date. Vesting may accelerate, on a prorated basis, if the merger transactions with CommerceOne Financial Corporation close before that anniversary date.
Is the J. Chris Brewster Form 4 for GREEN DOT CORP a market purchase or sale?
No. The Form 4 shows a grant classified as a "Grant, award, or other acquisition" under code A. These 17,496 shares are restricted stock units awarded as compensation, not shares bought or sold on the open market.
How is the merger with CommerceOne Financial Corporation linked to Brewster’s GREEN DOT CORP RSUs?
The footnote explains vesting accelerates if the closing of the transactions under the Agreement and Plan of Merger with CommerceOne Financial Corporation occurs before the first anniversary. In that case, RSUs vest on a prorated basis based on days elapsed.