Block director receives RSU grant, shares withheld for tax
Block, Inc. director Paul Deighton reported routine equity compensation activity involving Class A Common Stock.
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Rhea-AI Filing Summary
Block, Inc. director Paul Deighton reported routine equity compensation activity involving Class A Common Stock. He received a grant of 3,682 restricted stock units (RSUs) under the company’s Outside Director Compensation Policy, with each RSU representing one share upon settlement. These RSUs vest 100% on the earlier of June 16, 2027, or the next annual stockholder meeting. To cover income tax obligations on a separate RSU net settlement, 1,955 shares were automatically withheld by the company, which the filing states does not represent a sale by Deighton. After these transactions, he directly holds 49,350 shares of Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,682 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,955 | $74.68 | $146K |
Footnotes (2)
- 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. 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
Key Terms
restricted stock unit (RSU) financial
Outside Director Compensation Policy financial
net settlement financial
withholding and remittance obligations financial
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