Company: GDOT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001386278-25-000020
Chunk: 81

Company: GREEN DOT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 81
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 the one-year anniversary of the date of grant, provided Mr. Jacobs continues to provide services to us through the vesting date. The vesting and settlement of the RSUs will accelerate as follows upon the following events: on a pro rata basis if Mr. Jacobs’s interim service is terminated without cause prior to May 31, 2025, based on the number of whole months served during this interim service period; or in full in the event of a qualifying termination that occurs on or after May 31, 2025.

In connection with his promotion to our interim President and interim Chief Executive Officer and President of our subsidiary bank, the Committee increased his annual base salary from $485,000 to $550,000 and target annual cash incentive opportunity as a percentage of annual base salary from 75% to 100%. Additionally, our compensation committee approved a cash transaction award for Mr. Ruppel under the Retention Program described further below. Our compensation committee also granted Mr. Ruppel an additional 25,542 time-based RSUs pursuant to the terms of the Company's 2010 Equity Incentive Plan and standard form of RSU award agreement to compensate him for his additional responsibilities as interim officers. The RSUs will vest and settle in full on the one-year anniversary of the date of grant, provided Mr. Ruppel continues to provide services to the Company through the vesting date. The vesting and settlement of the RSUs will accelerate as follows upon the following events: on a pro rata basis if Mr. Ruppel’s interim service is terminated without cause prior to May 31, 2025, based on the number of whole months served during this interim service period; or in full in the event of a qualifying termination that occurs on or after May 31, 2025.

Retention Program

During 2025, our compensation committee approved arrangements designed to retain employees critical to execution of the Company’s previously-announced strategic review process (the “Retention Program”). Our named executive officers were awarded the following cash transaction awards under the Retention Program: $200,000 for Mr. Ruppel; and $125,000 to each of Mr. Unruh and Mses. Watkins and Pugh. Pursuant to the Retention Program, subject to the vesting described in the following sentence, if the executive officer is employed with the Company through the announcement of a transaction arising from the Company’s strategic review process (“Announcement”), then 50% of the transaction award will