Block executive reports tax-share withholding
Block, Inc. Business Lead Jennings Owen Britton reported a tax-related share disposition tied to restricted stock units.
Rhea-AI Filing Summary
Block, Inc. Business Lead Jennings Owen Britton reported a tax-related share disposition tied to restricted stock units. On February 20, 2026, 7,901 shares of Class A common stock were withheld at $53.22 per share to cover income tax obligations, leaving 234,817 shares owned directly afterward. The footnote clarifies this was issuer share withholding for taxes, not an open-market sale by the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 7,901 shares
Exercise Price or Tax Liability
1 txn
Insider
Jennings Owen Britton
Role
Business Lead
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,901 | $53.22 | $420K |
Holdings After Transaction:
Class A Common Stock — 234,817 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.
FAQ
What insider transaction did Block, Inc. (XYZ) report for Jennings Owen Britton?
Block, Inc. reported that Business Lead Jennings Owen Britton had shares withheld to cover taxes on restricted stock units. The transaction involved issuer withholding, not an open-market sale, and was categorized as a tax-withholding disposition of Class A common stock.
How is the Form 4 transaction for Block, Inc. (XYZ) classified in SEC codes?
The transaction is coded as F, described as payment of exercise price or tax liability by delivering securities. It is further characterized as a tax-withholding disposition of non-derivative Class A common stock tied to restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.