Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 145

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 145
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 granted under the 2010 Equity Incentive Plan generally vest over four years and expire five years or ten years from the date of grant. The 2010 Employee Stock Purchase Plan enables eligible employees to purchase shares of our Class A common stock periodically at a discount. Our 2010 Employee Stock Purchase Plan is intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code ("IRC"). Approximately 2.7 million shares are available for grant under the 2010 Equity Incentive Plan as of December 31, 2024.Stock-based compensation for the years ended December 31, 2024, 2023, and 2022 includes expense related to awards of stock options, performance and service based restricted stock units and purchases under the 2010 Employee Stock Purchase Plan. Total stock-based compensation expense and the related income tax benefit were as follows:Year Ended December 31,202420232022(In thousands)Total stock-based compensation expense$29,928 $33,744 $34,812 Related income tax benefit1,432 5,769 4,417 Restricted Stock UnitsThe following table summarizes restricted stock units with only service conditions granted under our 2010 Equity Incentive Plan: Year Ended December 31, 202420232022(In thousands, except per share data)Restricted stock units granted2,272 1,586 933 Weighted-average grant-date fair value$9.19 $16.67 $27.77 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, 20232,048 $21.66 Restricted stock units granted2,272 9.19 Restricted stock units vested(1,040)22.62 Restricted stock units canceled(203)20.09 Outstanding at December 31, 20243,077 $12.23 The total fair value of restricted stock vested for the years ended December 31, 2024, 2023 and 2022 was $9.8 million, $11.3 million and $15.8 million, respectively, based on the price of our Class A common stock on the vesting date.

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

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