Block Stock Is Up Just 3% This Past Year. Here's What to Know About This Executive's Latest Insider Transaction
The majority of this disposition was non-discretionary tax withholding from RSU vesting.
Overview
Owen Britton Jennings, business lead at Block, Inc. (NYSE:XYZ), reported the disposition of 19,534 shares of Class A Common Stock on August 20 and August 21, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($80.17); post-transaction value based on the August 24 market close ($81.38).
Details
Block, Inc. operates as a leading financial technology company with a $48.9 billion market capitalization and $25.0 billion in TTM revenue. The company's competitive advantage derives from its integrated hardware-software ecosystem, which simplifies payment acceptance while providing merchants with real-time insights and accelerated capital access. Block's strategic positioning in the fintech infrastructure space positions it to capture secular growth in digital payments adoption and merchant digitalization trends.
Source
Originally published at www.fool.com.
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