Block (NYSE: XYZ) hires Andrea Acosta as Chief Accounting Officer

Does Andrea Acosta have any related-party relationships with Block (XYZ)?

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What executive change did Block (XYZ) announce in this 8-K filing?

What is Andrea Acosta’s compensation package at Block (XYZ)?

Are there clawback conditions on Andrea Acosta’s sign-on bonus at Block (XYZ)?

What equity award did Block (XYZ) grant to its new Chief Accounting Officer?

What is Andrea Acosta’s professional background before joining Block (XYZ)?

Block states there are no family relationships between Andrea Acosta and any director or officer, and no arrangements with other persons that led to her appointment. The company also notes she has no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Block, Inc. appointed Andrea Acosta as Chief Accounting Officer and principal accounting officer, effective May 26, 2026. She will report to CFO and COO Amrita Ahuja, who has been serving as interim principal accounting officer and will remain in her existing roles.

Acosta brings senior accounting leadership experience from Pinterest, BioMarin Pharmaceutical, and Levi Strauss & Co., along with earlier audit work at KPMG. Her compensation includes a $550,000 annual base salary, a $250,000 sign-on cash bonus, and $8.0 million in restricted stock units vesting over four years, contingent on continued employment.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Annual base salary: $550,000 Sign-on cash bonus: $250,000 RSU grant value: $8.0 million +3 more

6 metrics

Annual base salary $550,000 Compensation for Chief Accounting Officer role

Sign-on cash bonus $250,000 Subject to reimbursement if voluntary resignation within two years

RSU grant value $8.0 million Restricted stock units under 2025 Equity Incentive Plan

RSU vesting period 4 years Vests over four years, generally requiring continued employment

Effective appointment date May 26, 2026 Start date as Chief Accounting Officer and principal accounting officer

Sign-on bonus reimbursement window 2 years Repayment if Acosta voluntarily terminates employment within two years

Chief Accounting Officer, principal accounting officer, restricted stock unit, 2025 Equity Incentive Plan, +1 more

5 terms

Chief Accounting Officer financial

"the Company appointed Andrea Acosta as the Company’s Chief Accounting Officer (principal accounting officer)"

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

principal accounting officer financial

"Chief Accounting Officer (principal accounting officer), effective as of May 26, 2026"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

restricted stock unit financial

"Ms. Acosta will also be granted a restricted stock unit award with an aggregate grant date value of $8.0 million"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

2025 Equity Incentive Plan financial

"restricted stock unit award with an aggregate grant date value of $8.0 million under the Company’s 2025 Equity Incentive Plan"

Item 404(a) of Regulation S-K regulatory

"Ms. Acosta has no direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K"

Understanding 8-K Material Events →

05/04/2026 - 04:30 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2026

Block, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37622

80-0429876

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1955 Broadway, Suite 600

Oakland, CA 94612¹

(Address of principal executive offices, including zip code)

(415) 375-3176

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, $0.0000001 par value per share

XYZ

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

¹	We have adopted a distributed work model and, therefore, have no formal headquarters. This address represents our “principal executive office,” which we are required to identify under Securities and Exchange Commission rules.

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 30, 2026, the Board of Directors of Block, Inc. (the “Company”) appointed Andrea Acosta as the Company’s Chief Accounting Officer (principal accounting officer), effective as of May 26, 2026. Ms. Acosta will assume the responsibilities of principal accounting officer from Amrita Ahuja, who has been serving as interim principal accounting officer. Ms. Ahuja will continue in her roles as the Company’s Chief Financial Officer and Chief Operating Officer. Ms. Acosta will report to Ms. Ahuja.

Ms. Acosta, age 47, most recently served as the Chief Accounting Officer of Pinterest, Inc., a visual search and discovery platform, since February 2022. Prior to that, she served in various positions at BioMarin Pharmaceutical Inc., a biotechnology company, (“BioMarin”) including as Global Controller and Chief Accounting Officer from July 2020 to February 2022 and Vice President, Corporate Controller from July 2017 until June 2020. Prior to joining BioMarin, Ms. Acosta worked at Levi Strauss & Co. from August 2007 to June 2017, where she had various roles in finance management during her tenure, most recently as Vice President, Global Controller and Principal Accounting Officer. Ms. Acosta started her career in KPMG LLP’s audit practice from 2003 to 2007. She holds a B.S. in Accounting from San Francisco State University.

Pursuant to the terms of an offer letter entered into with Ms. Acosta in connection with her appointment, Ms. Acosta will receive an annual base salary of $550,000 and a one-time sign-on cash bonus of $250,000. The sign-on bonus is subject to reimbursement to the Company in the event that Ms. Acosta voluntarily terminates her employment with the Company within two years of her start date. Ms. Acosta will also be granted a restricted stock unit award with an aggregate grant date value of $8.0 million under the Company’s 2025 Equity Incentive Plan, which will vest over a four-year period, subject generally to her continued employment with the Company.

There are no family relationships between Ms. Acosta and any director or officer of the Company, and there is no arrangement or understanding between Ms. Acosta and any other person pursuant to which she was appointed as an officer of the Company. Ms. Acosta has no direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Source: View Original Filing on SEC EDGAR

Block appointed Andrea Acosta as Chief Accounting Officer and principal accounting officer, effective May 26, 2026. She replaces interim principal accounting officer Amrita Ahuja, who continues as Chief Financial Officer and Chief Operating Officer, and Acosta will report directly to Ahuja in this new role.

Andrea Acosta will receive a $550,000 annual base salary, a $250,000 one-time sign-on cash bonus, and $8.0 million in restricted stock units. The RSUs vest over four years, generally conditioned on her continued employment, aligning a significant portion of her pay with Block’s long-term equity performance.

Yes. The $250,000 sign-on cash bonus must be reimbursed to Block if Andrea Acosta voluntarily resigns within two years of her start date. This structure encourages retention by tying the bonus to a minimum service period, protecting the company if she departs early.

Block will grant Andrea Acosta restricted stock units with an aggregate grant date value of $8.0 million under the 2025 Equity Incentive Plan. These RSUs will vest over four years, generally subject to her continued employment, giving her long-term exposure to the company’s share performance.

Andrea Acosta most recently served as Chief Accounting Officer at Pinterest since February 2022. Before that, she held senior finance roles at BioMarin Pharmaceutical and Levi Strauss & Co., and started her career in KPMG’s audit practice, bringing extensive public-company accounting experience.

BLOCK, INC.

Date: May 4, 2026

/s/ Chrysty Esperanza

Chrysty Esperanza

Chief Legal Officer and Corporate Secretary

3 documents