McKelvey James Morgan Jr. 4
4 · Block, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Block (XYZ) Director James McKelvey Receives RSU Award
What Happened
James McKelvey, a director of Block, Inc., was granted 3,682 restricted stock units (RSUs) on 2026-06-16 under the company's Outside Director Compensation Policy. The grant was reported on a Form 4 filed 2026-06-18. The RSUs were issued at $0.00 (no cash paid) and represent a contingent right to receive one share of Block Class A common stock per RSU upon settlement.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely).
- Transaction type/code: Award/Grant (A).
- Shares granted: 3,682 RSUs; reported price: $0.00; reported cash value: $0.
- Vesting: 100% vests on the earlier of June 16, 2027 or the date of the issuer's next annual meeting of stockholders (footnote F1).
- Footnotes: F2 and F4 note certain shares are held in trusts for the reporting person and spouse; F3 notes Class B shares are convertible into Class A shares at the holder’s option.
- Shares owned after the transaction: not specified in the provided filing.
Context
This is a routine, compensatory award to an outside director rather than an open-market purchase or sale. RSU grants are common for non-employee directors and do not by themselves indicate the director is buying or selling stock for market sentiment reasons; the RSUs convert into Class A shares upon settlement per the terms above. There is no indication in the filing of immediate sale, tax withholding, or a 10b5-1 plan.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-06-16+3,682→ 16,151 total
- 125,000(indirect: See Footnote)
Class A Common Stock
[F2] - 11,940,025(indirect: See Footnote)
Class B Common Stock
[F3][F4]→ Class A Common Stock (11,940,025 underlying)
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 by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.
- [F3]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F4]The shares are held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee.