Green Dot Corporation has announced the approval of a new compensation package for its interim Chief Executive Officer, Mr. Jacobs, as confirmed by the company's Compensation Committee. Effective until January 7, 2026, Mr. Jacobs will receive a monthly salary of $50,000 in cash along with a monthly service award of up to $60,000. Additionally, he has been granted 131,717 time-based restricted stock units (RSUs), which are set to vest on June 19, 2026, under the company's standard vesting terms. Mr. Jacobs is also eligible for a one-time discretionary bonus of up to $1,750,000, payable in cash or Class A common stock, contingent upon his performance and the company's achievements from June 6, 2025, to January 7, 2026. This bonus will be determined by the Committee and is expected to be awarded around January 7, 2026. The RSUs' vesting may accelerate in the event of a qualifying termination or a corporate transaction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.