Company: GDOT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001386278-25-000020
Chunk: 94

Company: GREEN DOT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 94
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 to be eligible to become vested subject to achievement of any applicable stock price hurdles prior to the first anniversary of such termination date, (B) subject to any then outstanding inducement PRSUs becoming vested based on achievement of the 2022 EPS target, acceleration of the service vesting of such inducement PRSUs that otherwise would have become service-vested over the 12 months following the termination date (calculated as if such inducement PRSUs vest on a monthly basis), and (C) acceleration of the service vesting of then outstanding inducement RSUs (if any) that otherwise would have become service-vested over the 12 months following the termination date (calculated as if such inducement RSUs vest on a monthly basis). Notwithstanding the foregoing, if such termination of employment occurs in connection with a corporate transaction: (y) on the corporate transaction, if the performance target applicable to the inducement PRSUs has not yet been achieved, such inducement PRSUs shall become vested based on the greater of target or actual performance (as the same shall be determined as of immediately prior to the corporate transaction), and (z) on the later of the termination date or the corporate transaction, the service-vesting of any then outstanding inducement PRSUs and RSUs shall be fully and immediately accelerated.

Mr. Gresham’s amended and restated employment agreement also provides that if the compensation and benefits payable to him are subject to Sections 280G and 4999 of the Code, such payments will be reduced to the extent necessary to provide him the greatest after-tax benefit.

The following table summarizes the approximate value of the benefits that would be received in connection with the qualifying termination of Mr. Gresham, had he been terminated on December 31, 2024, the last business day of 2024. The value of the accelerated vesting benefits below is based upon the closing price per share of our Class A common stock of $10.64 on December 31, 2024, the last trading day of 2024.

| George Gresham                                        |     | Termination Without Cause or for Good Reason ($) |     | Termination Without Cause or for Good Reason in Connection with Corporate Transaction ($)(3) |
| Base Salary Plus Target Bonus                         |     |                                        2,062,500 |     |                                                                                    3,093,750 |
| Prorated Target Bonus                                 |     |                                        1,