Company: GDOT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001386278-25-000020
Chunk: 93

Company: GREEN DOT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 93
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 Separation Arrangements
All of our current NEOs are employed at will and may be terminated at any time, with or without formal cause.

George Gresham . On October 16, 2022, the Company entered into an amended and restated employment agreement with Mr. Gresham in connection with his appointment as Chief Executive Officer and President that provides for certain severance benefits upon a qualifying termination.

If Mr. Gresham’s employment is terminated by the Company without “cause” or by Mr. Gresham for “good reason” (in each case, as defined in his amended and restated employment agreement), subject to his execution of a release of claims, he will be entitled to the following:

(i) a prorated target bonus for the year of termination;

(ii) a payment equal to one times (or, if such termination of employment occurs during the period 60 days prior to and two years following a “corporate transaction” (as defined in the Company’s 2010 Equity Incentive Plan), one and one-half times) the sum of his base salary plus target bonus opportunity;

(iii) a payment equal to 12 months (or, if such termination occurs in connection with a corporate transaction, 24 months) of COBRA premiums;

(iv) vesting of the portion of the RSUs granted to Mr. Gresham on October 17, 2022 that would have become vested by the end of the 12–month period after such termination, calculated as if such RSUs vested monthly over the remaining vesting period commencing from the last regularly scheduled vesting date prior to the termination date (or, if such termination occurs in connection with a corporate transaction, full vesting of such RSUs); and

(vi) prorated vesting of 2023 time-based RSU awards (or, if such termination occurs in connection with a corporate transaction, full vesting).

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Moreover, Mr. Gresham’s amended and restated employment agreement provides that the following equity award benefits shall continue to apply with respect to the inducement PRSU and RSU awards that were granted to him on October 21, 2021: (A) acceleration of the service vesting of then outstanding inducement PRSUs (if any) that otherwise would have become service-vested over the 12 months following the termination date, with any such inducement PRSUs continuing