Block (XYZ) grants 117,569 RSUs to Ecosystem Lead Brian Grassadonia
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grassadonia Brian reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. reported that Ecosystem Lead Brian Grassadonia received an equity grant of 117,569 restricted stock units (RSUs), each representing one share of Class A Common Stock upon settlement. The award was recorded at a price of $0.00 per share as a compensation grant.
According to the vesting schedule, 1/16 of the RSUs will vest on May 20, 2026, with additional 1/16 portions vesting every three months through February 20, 2030. Following this grant, Grassadonia directly holds 618,332 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grassadonia Brian
Role
Ecosystem Lead
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 117,569 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 618,332 shares (Direct)
Footnotes (1)
- Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/16th of the RSUs will vest on May 20, 2026 and each three months thereafter through February 20, 2030.
Key Figures
RSU grant size: 117,569 RSUs
Post-grant holdings: 618,332 shares
Grant price per share: $0.00 per share
+3 more
6 metrics
RSU grant size
117,569 RSUs
Equity award to Ecosystem Lead Brian Grassadonia
Post-grant holdings
618,332 shares
Class A Common Stock directly held after transaction
Grant price per share
$0.00 per share
Recorded transaction price for RSU award
Initial vesting date
May 20, 2026
1/16 of RSUs vest on this date
Final vesting date
February 20, 2030
Quarterly vesting continues through this date
Vesting fraction
1/16 per tranche
RSUs vest in equal quarterly installments
Key Terms
restricted stock unit (RSU), contingent right, vest, Class A Common Stock
4 terms
restricted stock unit (RSU) financial
"Each share is represented by a restricted stock unit (RSU)."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vest financial
"1/16th of the RSUs will vest on May 20, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Class A Common Stock financial
"one share of the Issuer's Class A Common Stock upon settlement"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Block (XYZ) disclose in this Form 4 for Brian Grassadonia?
Block disclosed that Ecosystem Lead Brian Grassadonia received 117,569 restricted stock units as an equity grant. Each RSU represents a contingent right to receive one share of Class A Common Stock upon settlement, increasing his direct holdings to 618,332 shares.
How many RSUs did Brian Grassadonia receive from Block (XYZ)?
Brian Grassadonia received 117,569 restricted stock units from Block. Each RSU corresponds to one share of Class A Common Stock upon settlement, making this a sizable stock-based compensation award rather than a cash transaction in the open market.
What is the vesting schedule for Brian Grassadonia’s Block (XYZ) RSUs?
The RSUs vest over nearly four years. One sixteenth of the 117,569 RSUs will vest on May 20, 2026, with additional one-sixteenth portions vesting every three months thereafter until February 20, 2030, subject to continued service and plan terms.
What does a restricted stock unit (RSU) mean in Block (XYZ)’s filing?
The filing explains that each RSU represents a contingent right to receive one share of Class A Common Stock upon settlement. The shares are delivered as the RSUs vest over time according to the disclosed schedule, rather than being issued immediately.