Green Dot director granted 17,496 RSUs
Fanlo Saturnino Sixto reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Fanlo Saturnino Sixto reported acquisition or exercise transactions in this Form 4 filing.
GREEN DOT CORP director receives stock award. Director Saturnino Sixto Fanlo was granted 17,496 shares of Class A Common Stock on May 21, 2026 as a restricted stock unit (RSU) award at no cash cost, increasing his direct holdings to 110,233 shares.
The RSUs are scheduled to vest in full on the first anniversary of the grant date. Vesting will accelerate if the Closing of the Agreement and Plan of Merger among Green Dot, CommerceOne Financial Corporation and other parties occurs earlier, in which case vesting will be prorated based on days elapsed out of 365.
Positive
- None.
Negative
- None.
Insights
Director received time- and deal-based RSU grant; routine compensation.
Director Saturnino Sixto Fanlo received 17,496 RSUs of GREEN DOT CORP Class A Common Stock as compensation, with no purchase price. This is a non-market, grant-type acquisition and does not represent an open-market buy or sell decision.
The award vests after one year but can accelerate upon the Closing of the merger with CommerceOne Financial Corporation, using a prorated formula based on days elapsed out of 365. This links part of the director’s compensation timing to the transaction’s completion while leaving total award size unchanged.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,496 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest as to all underlying shares on the first anniversary of the date of grant, with vesting to accelerate upon the occurrence of the closing of the transactions contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation and certain other parties thereto, dated as of November 23, 2025 (the "Closing") prior to such date; provided, however, that in the event the Closing occurs prior to the first anniversary of the date of grant, the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product of the total number of RSUs subject to such award multiplied by a fraction, the numerator of which is the number of days elapsed from the date of grant through and including the date of the Closing, and the denominator of which is 365.
Key Figures
Key Terms
restricted stock unit ("RSU") financial
Agreement and Plan of Merger financial
Closing financial
prorated basis financial
denominator of which is 365 financial
FAQ
What did GREEN DOT CORP director Saturnino Sixto Fanlo report on this Form 4 for GDOT?
Is the GDOT Form 4 transaction for GREEN DOT CORP a stock purchase or sale?
How do the 17,496 RSUs for GREEN DOT CORP director Fanlo vest?
What triggers accelerated vesting of the RSUs reported on GREEN DOT CORP’s GDOT Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.