Block, Inc. (XYZ) director receives 3,682 RSU award and reports indirect holdings
Rhea-AI Filing Summary
Carter Shawn Corey reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. director Carter Shawn Corey reported an automatic annual restricted stock unit (RSU) award covering 3,682 shares of Class A Common Stock, granted at $0.00 per share under the company’s Outside Director Compensation Policy.
Each RSU represents one share upon settlement and will vest 100% on the earlier of June 16, 2027 or the date of Block’s next annual stockholder meeting. Following this grant, Corey directly holds 32,541 Class A shares, with additional indirect holdings of 296 shares and 20,812 shares through SC Panther, LLC and SC Vessel 5, LLC, and 1,779 shares held by an immediate family member.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,682 shares
Net Buy
4 txns
Insider
Carter Shawn Corey
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,682 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 32,541 shares (Direct);
Class A Common Stock — 1,779 shares (Indirect, By immediate family member);
Class A Common Stock — 21,108 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. 100% of the RSUs vest on the earlier of June 16, 2027, or the date of the Issuer's next annual meeting of stockholders.
- F2. The shares are held of record by an immediate family member of the Reporting Person.
- F3. The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member.
- F4. The shares are held of record by SC Vessel 5, LLC, for which the Reporting Person serves as the sole member.
Key Figures
RSU grant size: 3,682 shares
Grant price: $0.00 per share
Vesting date: June 16, 2027
+4 more
7 metrics
RSU grant size
3,682 shares
Automatic annual RSU award to outside director
Grant price
$0.00 per share
RSU award under Outside Director Compensation Policy
Vesting date
June 16, 2027
100% vesting or earlier at next annual meeting
Direct holdings after grant
32,541 shares
Class A Common Stock held directly by Corey
Indirect holdings via SC Panther, LLC
296 shares
Held of record by SC Panther, LLC
Indirect holdings via SC Vessel 5, LLC
20,812 shares
Held of record by SC Vessel 5, LLC
Indirect family holdings
1,779 shares
Held of record by an immediate family member
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, Class A Common Stock, immediate family member, +1 more
5 terms
restricted stock unit (RSU) financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
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.
Outside Director Compensation Policy financial
"automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
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.
immediate family member financial
"The shares are held of record by an immediate family member of the Reporting Person."
sole member financial
"The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member."
FAQ
What did Carter Shawn Corey acquire in this Block, Inc. (XYZ) Form 4?
Carter Shawn Corey received an automatic annual RSU award of 3,682 Class A shares. The grant was issued under Block’s Outside Director Compensation Policy at a price of $0.00 per share as part of director compensation.
When do the new RSUs for Block, Inc. (XYZ) director Carter Shawn Corey vest?
The 3,682 RSUs vest 100% on the earlier of June 16, 2027, or the date of Block’s next annual stockholder meeting. Once vested, each RSU will settle into one share of Class A Common Stock.
What is the nature of the RSU award reported for Block, Inc. (XYZ)?
The award is an automatic annual restricted stock unit (RSU) grant under Block’s Outside Director Compensation Policy. Each RSU represents a contingent right to receive one Class A share upon settlement after vesting conditions are met.
How are indirect holdings reported for Block, Inc. (XYZ) director Carter Shawn Corey?
Indirect holdings are reported through related entities and family. Shares are held of record by an immediate family member, SC Panther, LLC, and SC Vessel 5, LLC, with Corey serving as sole member of the LLCs, reflecting associated but indirect ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
