Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 146

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 146
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13—Stock-Based Compensation (continued)Performance-Based Restricted Stock UnitsWe grant performance-based restricted stock units to certain employees that are subject to the attainment of pre-established internal performance conditions, market conditions, or a combination thereof (collectively referred to herein as "performance-based restricted stock units"). The actual number of shares subject to the award is determined at the end of the performance period and may range from zero to 200% of the target shares granted depending upon the terms of the award. Some awards may contain an additional service component after each performance period is concluded and the unvested balance of the shares after the performance metrics are achieved will vest over the remaining requisite service period. Compensation expense related to these awards is recognized using the accelerated attribution method over the vesting period based on the grant date fair value of the award.The following table summarizes the performance-based restricted stock units granted under our 2010 Equity Incentive Plan: Year Ended December 31, 202420232022(In thousands, except per share data)Performance restricted stock units granted996 724 88 Weighted-average grant-date fair value$8.98 $18.13 $27.74 Performance-based restricted stock unit activity for the year ended December 31, 2024 was as follows:SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 2023988 $22.88 Performance restricted stock units granted (at target)996 8.98 Performance restricted stock units vested(27)46.51 Performance restricted stock units canceled(388)26.63 Outstanding at December 31, 20241,569 $12.73 The total fair value of all performance-based restricted stock vested for the years ended December 31, 2024, 2023 and 2022 was $0.3 million, $2.1 million and $4.2 million, respectively, based on the price of our Class A common stock on the vesting date.Stock OptionsTotal stock option activity for the year ended December 31, 2024 was as follows:OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Life (in Years)Aggregate Intrinsic Value(In thousands, except per share data and years)Outstanding at December 31, 20231,010 $23.78 Options canceled(1,010)23.78 Outstanding at December 31,