Block (XYZ) director Paul Deighton gets RSU award as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
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 51,305 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deighton Paul
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,682 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,955 | $74.68 | $146K |
Holdings After Transaction:
Class A Common Stock — 51,305 shares (Direct, null)
Footnotes (1)
- 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. 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
RSU award: 3,682 units
Shares withheld for tax: 1,955 shares
Tax withholding reference price: $74.68 per share
+2 more
5 metrics
RSU award
3,682 units
Automatic annual restricted stock unit grant to director
Shares withheld for tax
1,955 shares
Withheld to satisfy income tax and withholding obligations
Tax withholding reference price
$74.68 per share
Value used for 1,955-share tax-withholding disposition
Shares held after award
51,305 shares
Total Class A Common Stock held directly after transactions
RSU vesting date
June 16, 2027
RSUs vest on this date or the next annual meeting, whichever is earlier
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, net settlement, withholding and remittance obligations
4 terms
restricted stock unit (RSU) financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
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
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
net settlement financial
"in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person."
withholding and remittance obligations financial
"to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units"
FAQ
What insider transactions did Block (XYZ) director Paul Deighton report?
Paul Deighton reported receiving 3,682 restricted stock units and having 1,955 shares withheld for taxes. These are routine compensation and tax-withholding entries, not open-market trades, and leave him with 51,305 Class A Common Stock shares held directly.
What equity award did Paul Deighton receive from Block (XYZ)?
Paul Deighton received an automatic annual award of 3,682 restricted stock units under Block’s Outside Director Compensation Policy. Each RSU represents a contingent right to one Class A share, vesting fully on June 16, 2027, or at the next annual stockholder meeting, whichever comes first.