Block (XYZ) director reports 207 RSUs and multiple indirect holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carter Shawn Corey reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. director Carter Shawn Corey received a grant of 207 restricted stock units (RSUs), each representing one share of Class A Common Stock. The RSUs were issued under the company’s Outside Director Compensation Policy and were 100% vested on the grant date.
Following this award, Corey holds 28,859 Class A shares directly and has additional indirect holdings, including shares held by an immediate family member and by SC Panther, LLC and SC Vessel 5, LLC, entities for which he is the sole member.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Carter Shawn Corey
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 207 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 28,859 shares (Direct);
Class A Common Stock — 1,779 shares (Indirect, By immediate family member)
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. The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy, and 100% of the RSUs were vested as of the date of grant. The shares are held of record by an immediate family member of the Reporting Person. The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member. The shares are held of record by SC Vessel 5, LLC, for which the Reporting Person serves as the sole member.
Key Figures
RSU grant: 207 shares
Direct holdings after grant: 28,859 shares
Immediate family holdings: 1,779 shares
+3 more
6 metrics
RSU grant
207 shares
Restricted stock units granted to director on Form 4 date
Direct holdings after grant
28,859 shares
Class A Common Stock held directly by Carter Shawn Corey
Immediate family holdings
1,779 shares
Indirect Class A holdings by immediate family member
SC Panther, LLC holdings
20,812 shares
Indirect Class A holdings via SC Panther, LLC
SC Vessel 5, LLC holdings
296 shares
Indirect Class A holdings via SC Vessel 5, LLC
RSU vesting
100% vested
All 207 RSUs vested as of grant date
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, immediate family member, sole member, +1 more
5 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.
Outside Director Compensation Policy financial
"The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy"
immediate family member financial
"The shares are held of record by an immediate family member of the Reporting Person."
sole member financial
"SC Panther, LLC, for which the Reporting Person serves as the sole member."
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By immediate family member""
FAQ
What insider transaction did Block (XYZ) director Carter Shawn Corey report?
Director Carter Shawn Corey reported receiving 207 restricted stock units, each equal to one share of Block’s Class A Common Stock. The award was issued under Block’s Outside Director Compensation Policy and was fully vested as of the grant date.
Were the 207 RSUs granted to Block (XYZ) director immediately vested?
Yes. The 207 restricted stock units granted to director Carter Shawn Corey were 100% vested as of the grant date. Each RSU represents a contingent right to receive one share of Block’s Class A Common Stock upon settlement.
What indirect Block (XYZ) holdings are associated with Carter Shawn Corey?
Indirect holdings include shares held by an immediate family member and by SC Panther, LLC and SC Vessel 5, LLC. Corey serves as sole member of both LLCs, and these positions are reported as indirect ownership in the Form 4.