[8-K] Green Dot Corporation Reports Material Event
Green Dot Corporation has announced key compensation details for interim CEO Mr. Jacobs, extending his service through January 7, 2026. The compensation package includes:
- Monthly Compensation: $50,000 base salary plus potential $60,000 monthly service award in cash
- Equity Grant: 131,717 restricted stock units (RSUs) vesting on June 19, 2026
- One-Time Bonus Opportunity: Up to $1,750,000 payable in cash or Class A common stock
The RSUs include accelerated vesting provisions for qualifying terminations and corporate transactions. The one-time bonus will be evaluated based on strategic execution, potential corporate transaction progress, company performance, and leadership transition effectiveness. This compensation structure suggests Green Dot is potentially exploring strategic alternatives while maintaining stable interim leadership.
Green Dot Corporation ha comunicato i dettagli principali della retribuzione per l'amministratore delegato ad interim, il Sig. Jacobs, estendendo il suo incarico fino al 7 gennaio 2026. Il pacchetto retributivo comprende:
- Compenso Mensile: stipendio base di 50.000 dollari pi霉 un premio mensile di servizio in contanti fino a 60.000 dollari
- Concessione di Azioni: 131.717 unit脿 di azioni vincolate (RSU) che maturano il 19 giugno 2026
- Bonus Una Tantum: fino a 1.750.000 dollari, pagabili in contanti o azioni ordinarie di Classe A
Le RSU prevedono clausole di maturazione accelerata in caso di cessazione qualificata del rapporto o transazioni societarie. Il bonus una tantum sar脿 valutato in base all'esecuzione strategica, ai progressi nelle potenziali transazioni aziendali, alle performance della societ脿 e all'efficacia della transizione della leadership. Questa struttura retributiva suggerisce che Green Dot stia valutando possibili alternative strategiche mantenendo una leadership ad interim stabile.
Green Dot Corporation ha anunciado detalles clave de la compensaci贸n para el CEO interino, el Sr. Jacobs, extendiendo su servicio hasta el 7 de enero de 2026. El paquete de compensaci贸n incluye:
- Compensaci贸n Mensual: salario base de 50,000 d贸lares m谩s un posible premio mensual en efectivo de 60,000 d贸lares
- Concesi贸n de Acciones: 131,717 unidades restringidas de acciones (RSU) que se consolidan el 19 de junio de 2026
- Oportunidad de Bono 脷nico: hasta 1,750,000 d贸lares pagaderos en efectivo o acciones ordinarias Clase A
Las RSU incluyen disposiciones para la consolidaci贸n acelerada en caso de terminaciones calificadas y transacciones corporativas. El bono 煤nico ser谩 evaluado seg煤n la ejecuci贸n estrat茅gica, el progreso potencial en transacciones corporativas, el desempe帽o de la empresa y la efectividad en la transici贸n de liderazgo. Esta estructura de compensaci贸n sugiere que Green Dot podr铆a estar explorando alternativas estrat茅gicas mientras mantiene un liderazgo interino estable.
Green Dot Corporation鞚� 鞛勳嫓 CEO鞚� Mr. Jacobs鞚� 欤检殧 氤挫儊 靹鸽秬 靷暛鞚� 氚滍憸頃橂┌ 攴胳潣 鞛勱赴毳� 2026雲� 1鞗� 7鞚缄箤歆� 鞐办灔頄堨姷雼堧嫟. 氤挫儊 韺偆歆�電� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 鞗旉皠 氤挫儊: 旮半掣旮� 50,000雼煬鞕� 斓滊寑 60,000雼煬鞚� 鞗旉皠 順勱笀 靹滊箘鞀� 靸侅棳旮�
- 欤检嫕 攵�鞐�: 2026雲� 6鞗� 19鞚检棎 甓岆Μ臧� 頇曥爼霅橂姅 131,717臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)
- 鞚柬殞靹� 氤措剤鞀� 旮绊殞: 順勱笀 霕愲姅 韥措灅鞀� A 氤错喌欤茧 歆�旮� 臧�電ロ暅 斓滊寑 1,750,000雼煬
RSU鞐愲姅 鞛愱博 鞛堧姅 頃搓碃 氚� 旮办梾 瓯半灅 鞁� 臧�靻� 旆摑 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚柬殞靹� 氤措剤鞀る姅 鞝勲灥 鞁ろ枆, 鞛犾灛鞝� 旮办梾 瓯半灅 歆勴枆 靸來櫓, 須岇偓 靹标臣 氚� 毽崝鞁� 鞝勴櫂 須臣毳� 旮办鞙茧 韽夑皜霅╇媹雼�. 鞚� 氤挫儊 甑“電� Green Dot鞚� 鞎堨爼鞝侅澑 鞛勳嫓 毽崝鞁潉 鞙犾頃橂┐靹� 鞝勲灥鞝� 雽�鞎堨潉 氇儔頃橁碃 鞛堨潓鞚� 鞁滌偓頃╇媹雼�.
Green Dot Corporation a annonc茅 les principaux d茅tails de la r茅mun茅ration pour le PDG par int茅rim, M. Jacobs, prolongeant son mandat jusqu'au 7 janvier 2026. Le package de r茅mun茅ration comprend :
- R茅mun茅ration Mensuelle : salaire de base de 50 000 $ plus une prime de service mensuelle en esp猫ces pouvant atteindre 60 000 $
- Attribution d'Actions : 131 717 unit茅s d'actions restreintes (RSU) acquises le 19 juin 2026
- Prime Exceptionnelle : jusqu'脿 1 750 000 $ payable en esp猫ces ou en actions ordinaires de classe A
Les RSU incluent des dispositions d'acquisition acc茅l茅r茅e en cas de licenciements qualifi茅s ou de transactions d'entreprise. La prime exceptionnelle sera 茅valu茅e en fonction de l'ex茅cution strat茅gique, des progr猫s potentiels dans les transactions d'entreprise, de la performance de la soci茅t茅 et de l'efficacit茅 de la transition de leadership. Cette structure de r茅mun茅ration sugg猫re que Green Dot envisage peut-锚tre des alternatives strat茅giques tout en maintenant une direction int茅rimaire stable.
Green Dot Corporation hat wichtige Verg眉tungsdetails f眉r den Interim-CEO Herrn Jacobs bekannt gegeben und seine Amtszeit bis zum 7. Januar 2026 verl盲ngert. Das Verg眉tungspaket umfasst:
- Monatliche Verg眉tung: Grundgehalt von 50.000 USD plus einen m枚glichen monatlichen Service-Bonus in H枚he von 60.000 USD in bar
- Aktienzuteilung: 131.717 Restricted Stock Units (RSUs), die am 19. Juni 2026 f盲llig werden
- Einmalige Bonusm枚glichkeit: Bis zu 1.750.000 USD zahlbar in bar oder in Class-A-Stammaktien
Die RSUs enthalten Bestimmungen zur beschleunigten Vesting bei qualifizierten K眉ndigungen und Unternehmensereignissen. Der Einmalbonus wird basierend auf strategischer Umsetzung, m枚glichem Fortschritt bei Unternehmensgesch盲ften, Unternehmensleistung und Effektivit盲t der F眉hrungs眉bergabe bewertet. Diese Verg眉tungsstruktur deutet darauf hin, dass Green Dot m枚glicherweise strategische Alternativen pr眉ft und gleichzeitig eine stabile interimistische F眉hrung aufrechterh盲lt.
- Interim CEO compensation package structured with significant performance incentives, including a potential $1.75M bonus tied to strategic execution and corporate transaction progress
- Company demonstrates commitment to leadership stability by extending interim CEO through January 2026 with competitive compensation including $110K monthly cash compensation
- RSU grant of 131,717 shares aligns interim CEO interests with shareholders, with acceleration provisions tied to successful corporate transaction completion
- Continued reliance on interim leadership indicates ongoing executive uncertainty and potential challenges in securing permanent CEO
- Performance metrics for the $1.75M discretionary bonus suggest company is actively exploring strategic alternatives, which could signal potential sale or restructuring
- Short-term nature of interim CEO appointment (through January 2026) may impact long-term strategic planning and stability
Insights
Green Dot extends interim CEO through January 2026 with incentives tied to potential strategic transaction or sale.
This 8-K reveals significant developments in Green Dot's leadership transition and strategic direction. Mr. Jacobs' compensation package for continued service as interim CEO through January 2026 includes $50,000 monthly salary, a $60,000 monthly service award, and 131,717 restricted stock units vesting in June 2026. More telling is his eligibility for a $1.75 million one-time bonus tied specifically to performance factors that include "progress towards completion of Corporate Transaction" and "as the Company explores its strategic alternatives."
The accelerated vesting provisions are particularly revealing - RSUs will vest fully upon a "Corporate Transaction" (typically meaning merger, acquisition, or similar event). This compensation structure strongly signals the board is incentivizing the interim CEO to guide the company through a potential sale process or other significant strategic transaction over the next six months. The one-time bonus assessment criteria, explicitly including progress toward transaction completion, suggests active exploration of strategic alternatives is likely already underway. These governance signals indicate Green Dot is potentially positioning itself for a significant ownership or structural change in the near term.
Green Dot Corporation ha comunicato i dettagli principali della retribuzione per l'amministratore delegato ad interim, il Sig. Jacobs, estendendo il suo incarico fino al 7 gennaio 2026. Il pacchetto retributivo comprende:
- Compenso Mensile: stipendio base di 50.000 dollari pi霉 un premio mensile di servizio in contanti fino a 60.000 dollari
- Concessione di Azioni: 131.717 unit脿 di azioni vincolate (RSU) che maturano il 19 giugno 2026
- Bonus Una Tantum: fino a 1.750.000 dollari, pagabili in contanti o azioni ordinarie di Classe A
Le RSU prevedono clausole di maturazione accelerata in caso di cessazione qualificata del rapporto o transazioni societarie. Il bonus una tantum sar脿 valutato in base all'esecuzione strategica, ai progressi nelle potenziali transazioni aziendali, alle performance della societ脿 e all'efficacia della transizione della leadership. Questa struttura retributiva suggerisce che Green Dot stia valutando possibili alternative strategiche mantenendo una leadership ad interim stabile.
Green Dot Corporation ha anunciado detalles clave de la compensaci贸n para el CEO interino, el Sr. Jacobs, extendiendo su servicio hasta el 7 de enero de 2026. El paquete de compensaci贸n incluye:
- Compensaci贸n Mensual: salario base de 50,000 d贸lares m谩s un posible premio mensual en efectivo de 60,000 d贸lares
- Concesi贸n de Acciones: 131,717 unidades restringidas de acciones (RSU) que se consolidan el 19 de junio de 2026
- Oportunidad de Bono 脷nico: hasta 1,750,000 d贸lares pagaderos en efectivo o acciones ordinarias Clase A
Las RSU incluyen disposiciones para la consolidaci贸n acelerada en caso de terminaciones calificadas y transacciones corporativas. El bono 煤nico ser谩 evaluado seg煤n la ejecuci贸n estrat茅gica, el progreso potencial en transacciones corporativas, el desempe帽o de la empresa y la efectividad en la transici贸n de liderazgo. Esta estructura de compensaci贸n sugiere que Green Dot podr铆a estar explorando alternativas estrat茅gicas mientras mantiene un liderazgo interino estable.
Green Dot Corporation鞚� 鞛勳嫓 CEO鞚� Mr. Jacobs鞚� 欤检殧 氤挫儊 靹鸽秬 靷暛鞚� 氚滍憸頃橂┌ 攴胳潣 鞛勱赴毳� 2026雲� 1鞗� 7鞚缄箤歆� 鞐办灔頄堨姷雼堧嫟. 氤挫儊 韺偆歆�電� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 鞗旉皠 氤挫儊: 旮半掣旮� 50,000雼煬鞕� 斓滊寑 60,000雼煬鞚� 鞗旉皠 順勱笀 靹滊箘鞀� 靸侅棳旮�
- 欤检嫕 攵�鞐�: 2026雲� 6鞗� 19鞚检棎 甓岆Μ臧� 頇曥爼霅橂姅 131,717臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)
- 鞚柬殞靹� 氤措剤鞀� 旮绊殞: 順勱笀 霕愲姅 韥措灅鞀� A 氤错喌欤茧 歆�旮� 臧�電ロ暅 斓滊寑 1,750,000雼煬
RSU鞐愲姅 鞛愱博 鞛堧姅 頃搓碃 氚� 旮办梾 瓯半灅 鞁� 臧�靻� 旆摑 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚柬殞靹� 氤措剤鞀る姅 鞝勲灥 鞁ろ枆, 鞛犾灛鞝� 旮办梾 瓯半灅 歆勴枆 靸來櫓, 須岇偓 靹标臣 氚� 毽崝鞁� 鞝勴櫂 須臣毳� 旮办鞙茧 韽夑皜霅╇媹雼�. 鞚� 氤挫儊 甑“電� Green Dot鞚� 鞎堨爼鞝侅澑 鞛勳嫓 毽崝鞁潉 鞙犾頃橂┐靹� 鞝勲灥鞝� 雽�鞎堨潉 氇儔頃橁碃 鞛堨潓鞚� 鞁滌偓頃╇媹雼�.
Green Dot Corporation a annonc茅 les principaux d茅tails de la r茅mun茅ration pour le PDG par int茅rim, M. Jacobs, prolongeant son mandat jusqu'au 7 janvier 2026. Le package de r茅mun茅ration comprend :
- R茅mun茅ration Mensuelle : salaire de base de 50 000 $ plus une prime de service mensuelle en esp猫ces pouvant atteindre 60 000 $
- Attribution d'Actions : 131 717 unit茅s d'actions restreintes (RSU) acquises le 19 juin 2026
- Prime Exceptionnelle : jusqu'脿 1 750 000 $ payable en esp猫ces ou en actions ordinaires de classe A
Les RSU incluent des dispositions d'acquisition acc茅l茅r茅e en cas de licenciements qualifi茅s ou de transactions d'entreprise. La prime exceptionnelle sera 茅valu茅e en fonction de l'ex茅cution strat茅gique, des progr猫s potentiels dans les transactions d'entreprise, de la performance de la soci茅t茅 et de l'efficacit茅 de la transition de leadership. Cette structure de r茅mun茅ration sugg猫re que Green Dot envisage peut-锚tre des alternatives strat茅giques tout en maintenant une direction int茅rimaire stable.
Green Dot Corporation hat wichtige Verg眉tungsdetails f眉r den Interim-CEO Herrn Jacobs bekannt gegeben und seine Amtszeit bis zum 7. Januar 2026 verl盲ngert. Das Verg眉tungspaket umfasst:
- Monatliche Verg眉tung: Grundgehalt von 50.000 USD plus einen m枚glichen monatlichen Service-Bonus in H枚he von 60.000 USD in bar
- Aktienzuteilung: 131.717 Restricted Stock Units (RSUs), die am 19. Juni 2026 f盲llig werden
- Einmalige Bonusm枚glichkeit: Bis zu 1.750.000 USD zahlbar in bar oder in Class-A-Stammaktien
Die RSUs enthalten Bestimmungen zur beschleunigten Vesting bei qualifizierten K眉ndigungen und Unternehmensereignissen. Der Einmalbonus wird basierend auf strategischer Umsetzung, m枚glichem Fortschritt bei Unternehmensgesch盲ften, Unternehmensleistung und Effektivit盲t der F眉hrungs眉bergabe bewertet. Diese Verg眉tungsstruktur deutet darauf hin, dass Green Dot m枚glicherweise strategische Alternativen pr眉ft und gleichzeitig eine stabile interimistische F眉hrung aufrechterh盲lt.
FAQ
What compensation will GDOT's interim CEO Mr. Jacobs receive through January 2026?
When do GDOT's newly granted RSUs to interim CEO Jacobs vest?
What performance factors will determine GDOT's interim CEO bonus of $1.75M?
What is the duration of GDOT's interim CEO appointment?
How will GDOT's $1.75M one-time discretionary bonus be paid to the interim CEO?
