Block, Inc. (XYZ) engineering lead reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. Engineering Lead Arnaud Weber reported a routine tax-related share disposition. On this Form 4, 14,005 shares of Class A Common Stock were withheld by the company at $70.89 per share to cover income tax obligations tied to net settlement of restricted stock units.
The filing states this withholding does not represent an open-market sale by Weber. After the transaction, he directly holds 526,156 shares of Class A Common Stock, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weber Arnaud
Role
Engineering Lead
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 14,005 | $70.89 | $993K |
Holdings After Transaction:
Class A Common Stock — 526,156 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 14,005 shares
Withholding price: $70.89 per share
Shares held after transaction: 526,156 shares
3 metrics
Tax-withheld shares
14,005 shares
Shares withheld to satisfy income tax on RSU settlement
Withholding price
$70.89 per share
Value used for tax-withholding disposition
Shares held after transaction
526,156 shares
Direct ownership of Class A Common Stock following withholding
Key Terms
restricted stock units, net settlement, withheld by the Issuer, income tax and withholding and remittance obligations
4 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
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 and does not represent a sale"
withheld by the Issuer financial
"Represents shares that have been withheld by the Issuer to satisfy its income tax"
income tax and withholding and remittance obligations financial
"to satisfy its income tax and withholding and remittance obligations in connection with the net settlement"
FAQ
What insider transaction did Block, Inc. (XYZ) report for Arnaud Weber?
Block, Inc. reported that Engineering Lead Arnaud Weber had 14,005 Class A shares withheld to cover income tax obligations from restricted stock unit settlement, rather than executing an open-market sale, and he continues to hold a significant number of shares afterward.
Was Arnaud Weber’s Block, Inc. Form 4 transaction an open-market sale?
No, the Form 4 states the 14,005 Block, Inc. shares were withheld by the issuer to satisfy income tax and withholding obligations on restricted stock units, and explicitly notes this does not represent a sale by Arnaud Weber in the open market.
What does the Block, Inc. Form 4 footnote say about Arnaud Weber’s transaction?
The Form 4 footnote explains that the 14,005 Block, Inc. shares were withheld by the issuer to cover income tax and withholding obligations on restricted stock unit settlement and clarifies that this transaction does not represent a sale by the reporting person.