Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 75

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 if recognized, would affect the effective tax rate $13,301 $12,980 As of March 31, 2025 and 2024, we recognized accrued interest and penalties related to unrecognized tax benefits of approximately $1.8 million and $1.4 million, respectively.

Note 11—Stockholders' Equity

Stock Repurchase ProgramIn February 2022, our Board of Directors authorized a $100 million increase to our stock repurchase program. As of March 31, 2025, we had an authorized $4.5 million remaining under our stock repurchase program for additional repurchases. There were no repurchases during the three months ended March 31, 2025.

Note 12—Stock-Based Compensation

We currently grant restricted stock unit awards to employees, directors and non-employee consultants under our 2010 Equity Incentive Plan and from time to time may also grant stock option awards. Through our 2010 Employee Stock Purchase Plan, employees are also able to purchase shares of our Class A common stock at a discount through payroll deductions. We have reserved shares of our Class A common stock for issuance under these plans. The total stock-based compensation expense recognized was $3.0 million and $8.6 million for the three months ended March 31, 2025 and 2024, respectively.Restricted Stock UnitsRestricted stock unit activity for awards subject to only service conditions was as follows for the three months ended March 31, 2025: SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 20243,077 $12.23 Restricted stock units granted2,232 7.81 Restricted stock units vested(953)14.45 Restricted stock units canceled(277)11.58 Outstanding at March 31, 20254,079 $9.33 

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

Note 12—Stock-Based Compensation (continued)Performance-Based Restricted Stock UnitsPerformance-based restricted stock unit activity for the three months ended March 31, 2025 was as follows: SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 20241,569 $12.73 Performance restricted stock units granted111 7.83 Performance restricted stock units canceled