Block (NYSE: XYZ) CLO sees 8,376 stock-award shares withheld for taxes
Rhea-AI Filing Summary
Block, Inc. (XYZ) reported that Chief Legal Officer Esperanza Chrysty had 8,376 shares of Class A Common Stock withheld on 2026-08-20. The shares were withheld by the company at a reference value of $80.08 per share to satisfy income tax and withholding obligations related to the net settlement of restricted stock units, and the disclosure states this does not represent a market sale by the insider. After this tax-withholding event, Chrysty directly held 252,964 shares of Class A Common Stock.
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Insights
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Insider Trade Summary
Net Seller: 8,376 shares
Net Sell
1 txn
Insider
Esperanza Chrysty
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 8,376 | $80.08 | $671K |
Holdings After Transaction:
Class A Common Stock — 252,964 shares (Direct)
Footnotes (1)
- F1. 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
Shares withheld for taxes: 8,376 shares
Reference transaction price: $80.08 per share
Shares held after transaction: 252,964 shares
3 metrics
Shares withheld for taxes
8,376 shares
Shares of Class A Common Stock withheld on 2026-08-20 to satisfy tax obligations
Reference transaction price
$80.08 per share
Reported price per share for the tax-withholding disposition on 2026-08-20
Shares held after transaction
252,964 shares
Direct holdings of Class A Common Stock by Esperanza Chrysty following the transaction
Key Terms
restricted stock units, net settlement, withheld by the Issuer
3 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units"
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"
withheld by the Issuer financial
"Represents shares that have been withheld by the Issuer to satisfy"
FAQ
What insider transaction did Block, Inc. (XYZ) report for Esperanza Chrysty?
Block, Inc. reported that Chief Legal Officer Esperanza Chrysty had 8,376 shares of Class A Common Stock withheld on 2026-08-20 to cover tax obligations from restricted stock units, which the disclosure states does not represent a sale by her.
Does Esperanza Chrysty’s Form 4 reflect an open-market sale of Block, Inc. (XYZ) stock?
No. A footnote states the transaction represents shares withheld by the issuer to satisfy income tax and withholding and remittance obligations for restricted stock units and does not represent a sale by Esperanza Chrysty.
What transaction code is used in Esperanza Chrysty’s Block, Inc. (XYZ) Form 4 filing?
The transaction is reported with code F, described as payment of tax liability by delivering or withholding securities in connection with the settlement of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.