Company: GDOT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001386278-25-000020
Chunk: 82

Company: GREEN DOT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 82
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 vest and become payable, with the balance vesting and becoming payable upon the consummation of said transaction. In the event no Announcement is made by December 31, 2025, then 50% of the transaction award will vest and become payable on that date, with the balance becoming vested and payable on June 30, 2026.

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Table of Contents

#### Severance Policy
Our board of directors adopted a Severance Policy in April 2025. Our Severance Policy, which applies to all employees, provides the following benefits to our executive officers, including our named executive officers, if the executive officer is terminated without “cause” (as such term is defined in the policy), subject to execution of a release of claims:

• payment of his or her base salary for 12 months and a prorated target bonus for the year of such termination (pro-rated based on the number of days employed during the year);

• reimbursement of the same portion of the monthly benefits premium under COBRA as we pay for active employees for up to 12 months; and

• acceleration of vesting with respect to a pro-rated portion of the then-current tranche of the unvested portion of RSUs (or any other time-based equity awards) and of certified but unvested shares for the then-current tranche of PRSUs (or any other performance-based equity awards) based on certification of actual performance (pro-rated based on the number of days employed during the applicable period).

If a qualifying termination under our Severance Policy occurs at any time during the twelve month period following the consummation of a corporate transaction (as defined in our Corporate Transactions Policy), then our Corporate Transaction Policy shall govern the treatment of outstanding equity awards. Additionally, if a qualifying termination under our Severance Policy occurs due to a qualifying retirement under our Retirement Policy for Equity Awards, then our Retirement Policy for Equity Awards shall govern the treatment of outstanding equity awards.

#### Tax Considerations
While Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”) places a limit of $1 million on the amount of compensation that we may deduct as a business expense in any year with respect to certain of our most highly paid executive officers, the Compensation Committee retains the discretion to award compensation that is not deductible as it believes that it is in the best interests of our stockholders to maintain flexibility in our approach to executive compensation in order to structure a program that we consider to