Block, Inc. (XYZ) officer has 1,038 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. Business Lead Jennings Owen Britton reported a routine tax-related share disposition. On April 1, 2026, 1,038 shares of Class A Common Stock were withheld at $59.54 per share to cover income tax obligations from net-settled restricted stock units, leaving him with 230,224 shares directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jennings Owen Britton
Role
Business Lead
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,038 | $59.54 | $62K |
Holdings After Transaction:
Class A Common Stock — 230,224 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,038 shares
Withholding price per share: $59.54 per share
Shares held after transaction: 230,224 shares
+1 more
4 metrics
Shares withheld for taxes
1,038 shares
Tax-withholding disposition on Class A Common Stock
Withholding price per share
$59.54 per share
Value used for tax-withholding shares
Shares held after transaction
230,224 shares
Direct ownership following tax withholding
Tax-withholding transactions
1 transaction, 1,038 shares
Form 4 transaction summary
Key Terms
restricted stock units, net settlement, withholding and remittance obligations, Class A Common Stock
4 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"
withholding and remittance obligations financial
"to satisfy its income tax and withholding and remittance obligations"
Class A Common Stock financial
"security_title": "Class A Common Stock""
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, Inc. (XYZ) insider Jennings Owen Britton report on this Form 4?
Jennings Owen Britton reported that 1,038 Block, Inc. Class A shares were withheld to cover taxes from restricted stock unit settlement. This was a non-market, tax-withholding disposition, and not an open-market sale of shares by the insider.
What are Jennings Owen Britton’s Block, Inc. (XYZ) holdings after this Form 4 transaction?
After the tax-withholding disposition, Jennings Owen Britton directly holds 230,224 shares of Block, Inc. Class A Common Stock. The reported transaction reduced his position only by the 1,038 shares withheld for taxes tied to the net settlement of restricted stock units.
What role does Jennings Owen Britton hold at Block, Inc. (XYZ) according to this Form 4?
Jennings Owen Britton is identified as an officer of Block, Inc. with the title “Business Lead.” The Form 4 records his tax-withholding share disposition connected to restricted stock units, while confirming his continuing direct ownership of 230,224 Class A Common Stock shares.
How is the Form 4 transaction for Block, Inc. (XYZ) classified in the filing data?
The transaction is coded “F,” indicating payment of tax liability by delivering securities. It is labeled as a tax-withholding disposition of non-derivative Class A Common Stock, with 1,038 shares withheld and no buy or sell activity recorded in the transaction summary.