Narula Neha 4

What Happened

• Neha Narula, a director of Block, Inc. (XYZ), was granted 3,682 restricted stock units (RSUs) on June 16, 2026. The grant is reported as an award (code A) with no cash purchase (grant value reported as $0.00).
• These RSUs are a contingent right to receive one share of the issuer’s Class A common stock upon settlement and are part of the company’s outside director compensation program. This is an award rather than a market purchase or sale, so it does not represent an immediate cash investment or divestment.

Key Details

• Transaction date: 2026-06-16; Form filed: 2026-06-18 (timely filing).
• Grant: 3,682 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: The award is an automatic annual RSU under the Issuer’s Outside Director Compensation Policy. 100% of the RSUs vest on the earlier of June 16, 2027 or the date of the issuer’s next annual meeting of stockholders.
• No 10b5-1 plan, tax withholding, or sale information was reported in the provided details.

Context

• RSU grants to non-employee directors are common as routine compensation and do not necessarily signal a personal cash investment or change in sentiment. Upon vesting and settlement, the RSUs convert to shares (subject to any withholding), at which point the director would own the underlying shares.