Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 76

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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(864)12.49 Outstanding at March 31, 2025816 $12.32 We 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 0% to 200% of the target shares granted depending upon the terms of the award. 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.

Note 13—Earnings per Common Share

The calculation of basic and diluted earnings per share ("EPS") was as follows: Three Months Ended March 31, 20252024(In thousands, except per share data)Basic earnings per Class A common shareNumerator:Net income$25,773 $4,750 Denominator:Weighted-average Class A shares issued and outstanding54,361 52,942 Basic earnings per Class A common share$0.47 $0.09 Diluted earnings per Class A common shareNumerator:Net income allocated to Class A common stockholders$25,773 $4,750 Denominator:Weighted-average Class A shares issued and outstanding54,361 52,942 Dilutive potential common shares:Service-based restricted stock units863 259 Performance-based restricted stock units6 4 Employee stock purchase plan52 65 Diluted weighted-average Class A shares issued and outstanding55,282 53,270 Diluted earnings per Class A common share$0.47 $0.09 For the periods presented, we excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive.

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

Note 13—Earnings per Common Share (continued)The following table shows the weighted-average number of anti-dilutive shares excluded from