Block (XYZ) CAO has 5,709 shares withheld for stock-award taxes
Rhea-AI Filing Summary
Block, Inc. (XYZ) reported an insider equity transaction by Chief Accounting Officer Andrea Acosta. On 2026-08-20, 5,709 shares of Class A Common Stock were withheld by Block to satisfy income tax, withholding and remittance obligations arising from the net settlement of restricted stock units, at a reference price of $80.08 per share. The filing states this did not represent an open-market sale, and Acosta’s directly held stake after this withholding was 106,482 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,709 shares
Net Sell
1 txn
Insider
Acosta Andrea
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 5,709 | $80.08 | $457K |
Holdings After Transaction:
Class A Common Stock — 106,482 shares (Direct)
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
Key Figures
Shares withheld for tax: 5,709 shares
Reference price per share: $80.08 per share
Shares owned after transaction: 106,482 shares
3 metrics
Shares withheld for tax
5,709 shares
Shares of Class A Common Stock withheld on 2026-08-20 to satisfy income tax, withholding and remittance obligations tied to RSU net settlement
Reference price per share
$80.08 per share
Price reported for the 5,709 withheld shares in the tax-withholding Form 4 transaction
Shares owned after transaction
106,482 shares
Directly held Block, Inc. Class A Common Stock by Andrea Acosta following the withholding transaction
Key Terms
restricted stock units, net settlement, withholding and remittance obligations
3 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units and does not"
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
"obligations in connection with the net settlement of restricted stock units"
withholding and remittance obligations financial
"satisfy its income tax and withholding and remittance obligations in connection"
FAQ
What insider transaction did Block, Inc. (XYZ) report for Andrea Acosta?
Block reported that Chief Accounting Officer Andrea Acosta had 5,709 shares of Class A Common Stock withheld on 2026-08-20 to satisfy income tax, withholding and remittance obligations related to net settlement of restricted stock units, rather than an open-market sale.
Was the Block, Inc. (XYZ) Form 4 transaction an open-market sale?
No. The Form 4 states the 5,709 shares were withheld by Block, Inc. to satisfy income tax, withholding and remittance obligations in connection with net settlement of restricted stock units and does not represent a sale by Andrea Acosta.
Was Andrea Acosta’s Block, Inc. (XYZ) Form 4 filed under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and there is no footnote indicating that this tax-withholding transaction was executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.