Company: GDOT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001386278-25-000020
Chunk: 70

Company: GREEN DOT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 70
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% of target) for any amounts to be earned, target of $175 million, and maximum of $210 million (120% of target)                                         
 •Adjusted EBITDA determined overall payout opportunity (0% to 200%) but an MBO multiplier had the potential to increase or decrease the impact of the overall payout opportunity that would be earned by 30% 
 •Opportunity to earn up to 200% of the target incentive amount for superior performance (assuming at or above target MBO achievement)                                                                        
 •Adjusted EBITDA was defined to be consistent with the definition used in our earnings releases                                                                                                              |

In early 2024, the Compensation Committee approved the 2024 Executive Officer Incentive Bonus Plan (the “2024 Incentive Plan”). We believe that, to provide for an appropriate incentive, the goals should be such that to achieve 100% of the objective, the performance for the performance period must be aligned with our Company’s financial plan, and that our NEOs should not be rewarded for Company performance that did not approximate our Company’s financial plan. Accordingly, our cash incentive compensation plan was designed to pay our NEOs nothing if our Company failed to achieve at least 90% of the target adjusted EBITDA goal for 2024. Each NEO’s 2024 target annual incentive opportunity was granted solely in the form of a cash incentive award, which would only be earned if we achieved adjusted EBITDA goals for 2024. Further, the NEO’s total annual incentive opportunity was subject to an MBO multiplier, the achievement of which could increase or decrease payouts based on achievement of certain objective regulatory metrics as set forth and described below.

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| Base Salary |     | x |     | Target Bonus Percentage |     | x |     | Financial Performance Multiplier |     | x |     | MBO Multiplier |     | = |     | Annual Incentive |

For 2024, the Compensation Committee introduced identical MBOs for each of the NEOs to achieve certain predetermined regulatory objectives. The new design featured a hurdle, or MBO hurdle, requiring achievement of all of a set of objective regulatory metrics before taking into account achievement of another set of objective regulatory metrics to calculate an MBO multiplier. The MBO multiplier ranged from +30% (for 100% metric achievement) to -30% (for 80% or lower metric achievement).

The applicable Adjusted EBITDA goals and corresponding financial performance