tiprankstipranks
Advertisement
Advertisement

Block Executive Has Shares Withheld to Cover Tax on Equity Award

Story Highlights
Block Executive Has Shares Withheld to Cover Tax on Equity Award

Meet Samuel – Your Personal Investing Prophet

Block, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:XYZ) ) has issued an update.

Block, Inc. disclosed that company officer and business lead Owen Britton Jennings had 7,901 shares of Class A common stock withheld by the company on February 20, 2026 to cover income tax and withholding obligations tied to the net settlement of restricted stock units, at a reference price of $53.22 per share. Following this withholding transaction, Jennings remains a significant equity holder with 234,817 shares of Class A common stock held directly, indicating the move is an administrative, non-discretionary adjustment rather than a voluntary sale, with limited direct impact on the company’s operating outlook or broader shareholder base.

The most recent analyst rating on (AU:XYZ) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on Block, Inc. Shs Chess Depository Interests Repr 1 Sh stock, see the AU:XYZ Stock Forecast page.

More about Block, Inc. Shs Chess Depository Interests Repr 1 Sh

Block, Inc. is a financial technology company that provides digital payments and commerce solutions, best known for its Square point-of-sale systems and Cash App platform, serving merchants and consumers in the broader digital payments and financial services market.

Average Trading Volume: 162,465

Technical Sentiment Signal: Sell

Current Market Cap: A$46.34B

For detailed information about XYZ stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1