Block, Inc. Reports Appointment of Chief Accounting Officer
Summary
Block, Inc. appointed Andrea Acosta as Chief Accounting Officer (principal accounting officer), effective May 26, 2026, replacing Amrita Ahuja as interim principal accounting officer. Ms. Acosta will receive an annual base salary of $550,000 and a one-time cash bonus of $250,000. She will also be granted a restricted stock unit award with an aggregate grant date value of $8.0 million, vesting over four years. The cash bonus is subject to reimbursement if she voluntarily terminates employment within two years of her start date.
Why It Matters
This is a significant executive appointment for Block, Inc., bringing in a new Chief Accounting Officer with extensive experience. The compensation package, including an $8.0 million restricted stock unit award and a $250,000 cash bonus, reflects the importance of the role and aims to attract and retain key talent.
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Key Quote
“On April 30, 2026, the Board of Directors of Block, Inc. (the "Company") appointed Andrea Acosta as the Company's Chief Accounting Officer (principal accounting officer), effective as of May 26, 2026.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001512673
- Filing Date
- Monday, May 4, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive