Brooks Amy 4

What happened

• Amy Brooks, a director of Block, Inc. (XYZ), was granted 249 restricted stock units (RSUs) on 2026-04-01. The Form 4 reports the acquisition as 249 shares at an acquisition price of $0.00 (total reported cash = $0), reflecting an award of RSUs rather than a cash purchase.
• The RSUs were issued under Block's Outside Director Compensation Policy and, per the filing, 100% vested as of the grant date. Because these are RSUs, each unit represents a contingent right to receive one share of Class A common stock upon settlement.

Key details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (Accession: 0001628280-26-023713).
• Transaction type/code: A (Award/Grant); 249 RSUs acquired at $0.00 per unit (reported cash value $0).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Each RSU is a contingent right to one Class A share and the full grant was vested at issuance. The award was made under the Outside Director Compensation Policy.
• Timeliness: Form was filed two days after the transaction date (appears timely for Form 4 reporting).

Context

• RSU grants to outside directors are commonly part of routine compensation and do not require the director to pay cash at grant; they convert to actual shares upon settlement (which may be immediate for vested RSUs or delayed by plan terms).
• Because this was an award (not a purchase or sale), it should be viewed as compensation rather than a straightforward bullish insider purchase.