Block (XYZ) chief legal officer receives 151,159 RSUs vesting to 2030
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Esperanza Chrysty reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. reported that Chief Legal Officer Esperanza Chrysty received a grant of 151,159 restricted stock units (RSUs) of Class A Common Stock at no purchase price. Each RSU represents a contingent right to receive one share upon settlement. 1/16 of the RSUs will vest on May 20, 2026, with additional installments vesting every three months through February 20, 2030. Following this award, Chrysty directly holds 271,169 shares or RSUs linked to Block’s Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Esperanza Chrysty
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 151,159 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 271,169 shares (Direct)
Footnotes (1)
- Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/16th of the RSUs will vest on May 20, 2026 and each three months thereafter through February 20, 2030.
Key Figures
RSU grant size: 151,159 RSUs
Post-grant holdings: 271,169 shares/RSUs
Vesting start date: May 20, 2026
+3 more
6 metrics
RSU grant size
151,159 RSUs
Grant of restricted stock units on Class A Common Stock
Post-grant holdings
271,169 shares/RSUs
Total direct holdings following reported transaction
Vesting start date
May 20, 2026
1/16 of RSUs vest on this date
Vesting end date
February 20, 2030
Quarterly vesting continues through this date
Initial vesting fraction
1/16 of RSUs
Vests on May 20, 2026, with equal quarterly installments
Price per RSU
$0.00 per unit
Compensation grant with no purchase price
Key Terms
restricted stock unit (RSU), contingent right, Class A Common Stock, vest, +1 more
5 terms
restricted stock unit (RSU) financial
"Each share is represented by a restricted stock unit (RSU)."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
contingent right financial
"Each RSU represents a contingent right to receive one share"
Class A Common Stock financial
"one share of the 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.
vest financial
"1/16th of the RSUs will vest on May 20, 2026"
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.
settlement financial
"to receive one share of the Issuer's Class A Common Stock upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What did Esperanza Chrysty report in Block (XYZ) Form 4?
She reported receiving a grant of 151,159 restricted stock units of Block Class A Common Stock. These RSUs are compensation-based awards that convert into shares upon vesting and settlement, increasing her direct equity-linked holdings to 271,169 shares or RSUs.
How many RSUs did Block (XYZ) grant to its Chief Legal Officer?
Block granted Chief Legal Officer Esperanza Chrysty 151,159 restricted stock units. Each RSU represents a contingent right to receive one share of Class A Common Stock upon settlement, subject to the vesting schedule running from May 20, 2026 through February 20, 2030.
What is the vesting schedule for Esperanza Chrysty’s 151,159 RSUs at Block (XYZ)?
One-sixteenth of the RSUs will vest on May 20, 2026, with additional one-sixteenth portions vesting every three months. This quarterly vesting continues through February 20, 2030, gradually delivering Class A Common Stock to Chrysty as long as the award conditions are met.
What does each RSU represent in Block (XYZ)’s Form 4 filing?
Each RSU represents a contingent right to receive one share of Block’s Class A Common Stock upon settlement. The RSUs do not involve a purchase price and convert into actual shares only as they vest and are settled under the award’s terms.
What are Esperanza Chrysty’s Block (XYZ) holdings after this RSU grant?
After the grant, Esperanza Chrysty directly holds 271,169 shares or RSUs tied to Block’s Class A Common Stock. This figure reflects her position immediately following the 151,159-unit RSU award reported in the Form 4 insider transaction filing.