Block director granted 3,682 RSUs in stock award
McKelvey James Morgan Jr. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
McKelvey James Morgan Jr. reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. director James Morgan McKelvey Jr. received an automatic annual grant of 3,682 restricted stock units (RSUs) of Class A Common Stock as compensation for board service. These RSUs vest 100% on the earlier of June 16, 2027, or the next annual stockholders’ meeting.
Following this award, McKelvey directly holds 16,151 shares of Class A Common Stock. Indirectly, 125,000 Class A shares are held by a trust for his spouse, and 11,940,025 Class B shares, convertible one-for-one into Class A with no expiration date, are held by his revocable trust.
Insider Trade Summary
Grant/Award: 3,682 shares
Grant/Award
3 txns
Insider
McKelvey James Morgan Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,682 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 16,151 shares (Direct);
Class B Common Stock — 11,940,025 contracts (Indirect, See Footnote);
Class A Common Stock — 125,000 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. 100% of the RSUs vest on the earlier of June 16, 2027, or the date of the Issuer's next annual meeting of stockholders.
- F2. The shares are held by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.
- F3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F4. The shares are held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee.
Key Figures
RSU grant size: 3,682 RSUs
Direct Class A holding: 16,151 shares
Spouse trust Class A holding: 125,000 shares
+2 more
5 metrics
RSU grant size
3,682 RSUs
Automatic annual award of Class A Common Stock
Direct Class A holding
16,151 shares
Class A Common Stock held directly after grant
Spouse trust Class A holding
125,000 shares
Held by Anna Elefteria Ntenta Trust for spouse
Class B shares in revocable trust
11,940,025 shares
Convertible into Class A at one-for-one ratio
Class B conversion price
$0.0000 per share
Conversion feature for Class B to Class A
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, Class B Common Stock, Revocable Trust, +1 more
5 terms
restricted stock unit (RSU) financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
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.
Outside Director Compensation Policy financial
"automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Revocable Trust financial
"held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
convertible financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Block (XYZ) report for James McKelvey Jr.?
Block reported that director James Morgan McKelvey Jr. received 3,682 restricted stock units of Class A Common Stock as an automatic annual award under the Outside Director Compensation Policy, with no cash paid per share and future settlement in stock.
When do James McKelvey Jr.’s new Block (XYZ) RSUs vest?
The 3,682 RSUs granted to James McKelvey Jr. vest 100% on the earlier of June 16, 2027, or the date of Block’s next annual meeting of stockholders, at which time they convert into an equal number of Class A Common shares.
What indirect Block (XYZ) holdings are associated with James McKelvey Jr.?
Indirectly, 125,000 Class A shares are held by the Anna Elefteria Ntenta Trust for his spouse, and 11,940,025 Class B shares are held by the James McKelvey Jr. Revocable Trust, where he is trustee, according to the filing’s ownership footnotes.
Is the Block (XYZ) transaction a market buy or sell by James McKelvey Jr.?
No market buy or sell is reported. The Form 4 shows a compensation-related grant of 3,682 RSUs to James McKelvey Jr. and lists indirect holdings through trusts, without any open-market purchases or sales in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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