Block, Inc. (XYZ) executive has 1,252 shares withheld for RSU tax on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. executive Brian Grassadonia reported a tax-related share disposition tied to equity compensation. On the net settlement of restricted stock units, 1,252 shares of Class A Common Stock were withheld by the company at $59.54 per share to satisfy income tax and withholding obligations, and the footnote states this does not represent a market sale by him. Following this withholding, he directly holds 502,532 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grassadonia Brian
Role
Ecosystem Lead
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,252 | $59.54 | $75K |
Holdings After Transaction:
Class A Common Stock — 502,532 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,252 shares
Withholding price per share: $59.54 per share
Shares held after transaction: 502,532 shares
3 metrics
Shares withheld for taxes
1,252 shares
Tax-withholding disposition from RSU net settlement
Withholding price per share
$59.54 per share
Value used for tax-withholding disposition
Shares held after transaction
502,532 shares
Direct Class A Common Stock ownership after 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"
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"
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
"by the Issuer to satisfy its income tax and withholding and remittance obligations in connection"
FAQ
What insider transaction did Block, Inc. (XYZ) report for Brian Grassadonia?
Block, Inc. reported that executive Brian Grassadonia had 1,252 Class A shares withheld to cover taxes from restricted stock unit settlement. The filing notes this is a tax-withholding disposition by the issuer, not an open-market sale by Grassadonia.
What is the nature of the Form 4 transaction for Block, Inc. (XYZ)?
The Form 4 records a tax-withholding disposition coded as “F,” meaning shares were delivered to Block, Inc. to cover tax obligations. It arose from the net settlement of restricted stock units rather than an open-market purchase or sale transaction.