Block director receives 164 RSUs in equity grant
Carter Shawn Corey reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Carter Shawn Corey reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. director Carter Shawn Corey reported an equity award and updated share holdings. He received 164 restricted stock units, each representing one share of Class A Common Stock, issued under the company’s Outside Director Compensation Policy, with all units vested as of the grant date.
Following this grant, Corey directly holds 32,705 Class A shares. The filing also lists indirect holdings of 296 shares and 20,812 shares through SC Panther, LLC and SC Vessel 5, LLC, where he is the sole member, and 1,779 shares held by an immediate family member.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 164 shares
Grant/Award
4 txns
Insider
Carter Shawn Corey
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 164 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 32,705 shares (Direct);
Class A Common Stock — 1,779 shares (Indirect, By immediate family member);
Class A Common Stock — 21,108 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy, and 100% of the RSUs were vested as of the date of grant.
- F2. The shares are held of record by an immediate family member of the Reporting Person.
- F3. The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member.
- F4. The shares are held of record by SC Vessel 5, LLC, for which the Reporting Person serves as the sole member.
Key Figures
RSU grant: 164 RSUs
Direct holdings after grant: 32,705 shares
Indirect holdings via SC Panther, LLC: 296 shares
+3 more
6 metrics
RSU grant
164 RSUs
Award to outside director; each RSU equals one Class A share
Direct holdings after grant
32,705 shares
Class A Common Stock held directly after RSU award
Indirect holdings via SC Panther, LLC
296 shares
Class A Common Stock held of record by SC Panther, LLC
Indirect holdings via SC Vessel 5, LLC
20,812 shares
Class A Common Stock held of record by SC Vessel 5, LLC
Indirect family holdings
1,779 shares
Class A Common Stock held of record by an immediate family member
RSU grant price
$0.0000 per share
Reported transaction price per share for 164-share RSU grant
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, immediate family member, sole member, +1 more
5 terms
restricted stock unit (RSU) financial
"Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share..."
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
"The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy, and 100% of the RSUs were vested..."
immediate family member financial
"The shares are held of record by an immediate family member of the Reporting Person."
sole member financial
"The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member."
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
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 insider equity award did Block, Inc. (XYZ) director Carter Shawn Corey receive?
Carter Shawn Corey received an award of 164 restricted stock units. Each RSU represents one share of Block’s Class A Common Stock and was granted under the Outside Director Compensation Policy, with 100% of the RSUs vested on the grant date.
What indirect Block, Inc. (XYZ) holdings are reported for Carter Shawn Corey?
The filing reports indirect ownership of 296 and 20,812 Block Class A shares through SC Panther, LLC and SC Vessel 5, LLC, where Corey is sole member. It also lists 1,779 shares held of record by an immediate family member as additional indirect holdings.
How are the 164 RSUs for Block, Inc. (XYZ) director structured?
Each of the 164 restricted stock units represents a contingent right to receive one Block Class A share upon settlement. These RSUs were issued under the Outside Director Compensation Policy, and all were fully vested as of the grant date according to the filing footnote.
What role does the Outside Director Compensation Policy play in Block, Inc. (XYZ) RSU grants?
The Outside Director Compensation Policy governs equity awards to non-employee directors like Carter Shawn Corey. Under this policy, he received 164 fully vested RSUs, each tied to one Class A share, as part of his director compensation package disclosed in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
