Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 147

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 147
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2024— $— — $— We have not issued any stock option awards from our 2010 Equity Incentive Plan during the year ended December 31, 2024 and no longer had any stock option awards outstanding at the end of the period.As of December 31, 2024, there was $27.4 million of aggregate unrecognized compensation cost related to unvested restricted stock units (including performance-based awards) expected to be recognized in compensation expense in future periods, with a weighted-average period of 1.75 years.

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

Note 14—Income Taxes

The components of income tax expense included in our consolidated statements of operations were as follows: Year Ended December 31, 202420232022(In thousands)Current:Federal$10,972 $15,036 $20,304 State2,896 3,881 5,413 Foreign651 861 666 Current income tax expense14,519 19,778 26,383 Deferred:Federal(7,449)(9,040)(4,031)State(2,906)(2,666)(2,730)Foreign(1)(161)87 Deferred income tax benefit(10,356)(11,867)(6,674)Income tax expense$4,163 $7,911 $19,709 Income tax expense differs from the amount computed by applying the statutory federal income tax rate to income before income taxes. The sources and tax effects of the differences are as follows: Year Ended December 31, 202420232022U.S. federal statutory tax rate21.0 %21.0 %21.0 %State income taxes, net of federal tax benefit2.1 2.0 2.2 Foreign tax rate differential1.0 (1.5)(0.3)General business credits10.2 (25.0)(3.2)Stock-based compensation(31.4)28.8 3.2 Bank owned life insurance income2.6 (4.2)(0.7)Bank owned life insurance surrender(10.0)— — Nondeductible penalties(22.4)29.1 0.1 Global intangible low-tax income tax(1.4)2.0 0.3