Block CLO reports grant and tax share withholding
Block, Inc.'s Chief Legal Officer Esperanza Chrysty reported routine equity compensation activity.
Rhea-AI Filing Summary
Block, Inc.'s Chief Legal Officer Esperanza Chrysty reported routine equity compensation activity. On May 15, 2026, she acquired 439 shares of Class A common stock at $48.46 per share as a grant under the company’s Employee Stock Purchase Plan, in a transaction exempt under Rules 16b-3(d) and 16b-3(c). On May 20, 2026, 7,268 shares were withheld by the company at a value of $70.89 per share to cover income tax obligations upon net settlement of restricted stock units, which the filing states does not represent a sale by her. After these transactions, she directly held 261,340 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Esperanza Chrysty
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,268 | $70.89 | $515K |
| Grant/Award | Class A Common Stock | 439 | $48.46 | $21K |
Holdings After Transaction:
Class A Common Stock — 261,340 shares (Direct)
Footnotes (2)
- F1. These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. 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
Tax-withheld shares: 7,268 shares
Grant shares: 439 shares
Share price for tax withholding: $70.89/share
+3 more
6 metrics
Tax-withheld shares
7,268 shares
Withheld to satisfy income tax on RSU net settlement at $70.89/share
Grant shares
439 shares
Equity grant under Employee Stock Purchase Plan at $48.46/share
Share price for tax withholding
$70.89/share
Value used for 7,268 shares withheld for tax obligations
Grant reference price
$48.46/share
Reference price for 439-share grant acquisition
Shares after withholding
261,340 shares
Direct Class A common stock holdings following tax withholding
Shares after grant
268,608 shares
Direct holdings immediately after 439-share grant
Key Terms
Employee Stock Purchase Plan, restricted stock units, Rule 16b-3(d), Rule 16b-3(c), +1 more
5 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person."
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.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
net settlement financial
"obligations in connection with the net settlement of restricted stock units and does not represent a sale"
FAQ
What insider transactions did Block (XYZ) Chief Legal Officer Esperanza Chrysty report?
Esperanza Chrysty reported one stock grant and one tax-related share withholding. She acquired 439 shares of Class A common stock as an equity grant and had 7,268 shares withheld by the company to cover tax obligations from restricted stock units.
Were Esperanza Chrysty’s Block (XYZ) transactions open-market buys or sales?
The reported transactions were not open-market buys or sales. The 439 shares were acquired as a grant under the Employee Stock Purchase Plan, and 7,268 shares were withheld by Block to satisfy tax obligations on restricted stock units, not sold by her.
AI-generated analysis. How Rhea-AI works. Not financial advice.
