Tax withholding trims Block (XYZ) CLO stake by 284 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. Chief Legal Officer Esperanza Chrysty had 284 shares of Class A common stock withheld on 2026-04-01 to cover income tax obligations on a restricted stock unit net settlement. The Form 4 notes this is a tax-withholding disposition, not an open-market sale. After the withholding, she directly holds 120,010 shares of Block stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Esperanza Chrysty
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 284 | $59.54 | $17K |
Holdings After Transaction:
Class A Common Stock — 120,010 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 284 shares
Withholding reference price: $59.54 per share
Shares held after transaction: 120,010 shares
3 metrics
Shares withheld for taxes
284 shares
Class A common stock withheld for RSU tax obligations on 2026-04-01
Withholding reference price
$59.54 per share
Value used for 284-share tax-withholding disposition
Shares held after transaction
120,010 shares
Direct ownership of Block Class A common stock following withholding
Key Terms
restricted stock units, net settlement, withheld by the Issuer
3 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of restricted stock units"
withheld by the Issuer financial
"Represents shares that have been withheld by the Issuer to satisfy its income tax"
FAQ
What insider transaction did Block (XYZ) report for Esperanza Chrysty?
Block reported that Chief Legal Officer Esperanza Chrysty had 284 shares of Class A common stock withheld to satisfy income tax obligations from a restricted stock unit net settlement, rather than selling shares in the open market.
Was the Block (XYZ) Form 4 transaction an open-market sale?
No, the 284 shares reported on the Form 4 were withheld by Block to cover income tax and withholding obligations from a restricted stock unit settlement and are explicitly described as not representing a sale by the reporting person.
What does a tax-withholding disposition mean in Block (XYZ)’s Form 4?
A tax-withholding disposition means the company withholds shares that would otherwise be delivered, using them to satisfy income tax and withholding obligations arising from equity awards such as restricted stock unit settlements.
What type of security is involved in this Block (XYZ) insider filing?
The filing involves Block’s Class A common stock, with 284 shares withheld for taxes tied to the net settlement of restricted stock units, and 120,010 shares reported as directly owned after the transaction.