Block (XYZ) grants director 3,682 RSUs vesting by June 16, 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. director Randall J. Garutti received an automatic annual restricted stock unit (RSU) award of 3,682 shares of Class A Common Stock under the company’s Outside Director Compensation Policy. The RSUs vest fully on the earlier of June 16, 2027, or the next annual stockholder meeting.
Each RSU converts into one share upon settlement, and Garutti now directly holds 39,721 Class A shares after this grant. The award is compensation, not an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARUTTI RANDALL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,682 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 39,721 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 3,682 RSUs
Shares after transaction: 39,721 shares
Vesting date: June 16, 2027
+1 more
4 metrics
RSUs granted
3,682 RSUs
Automatic annual award to director Randall J. Garutti
Shares after transaction
39,721 shares
Director’s direct Class A Common Stock holdings after grant
Vesting date
June 16, 2027
100% of RSUs vest on earlier of this date or next annual meeting
Grant price
$0.00 per share
Reported transaction price per share for the RSU award
Key Terms
restricted stock unit, Outside Director Compensation Policy, vest, Class A Common Stock
4 terms
restricted stock unit financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Outside Director Compensation Policy financial
"automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
vest financial
"100% of the RSUs vest on the earlier of June 16, 2027, or the date of the Issuer's next annual meeting of stockholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of 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.