Intuit Inc. (INTU) director William McDermott reports zero beneficial ownership
Rhea-AI Filing Summary
INTUIT INC. reports that director William R. McDermott has filed an initial insider ownership statement showing no beneficial ownership of the company’s securities. The statement lists no transactions, holdings, or derivative positions in Intuit stock associated with McDermott at the time of this report.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 0 shares
Buy transactions reported: 0 transactions
Sell transactions reported: 0 transactions
3 metrics
Shares beneficially owned
0 shares
Remark states that no securities are beneficially owned by William R. McDermott
Buy transactions reported
0 transactions
transactionSummary buyCount is 0 with buyShares also 0
Sell transactions reported
0 transactions
transactionSummary sellCount is 0 with sellShares also 0
Key Terms
beneficially owned, ten percent owner, Rule 10b5-1
3 terms
beneficially owned financial
"Remarks state: "No securities are beneficially owned.""
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
ten percent owner regulatory
"Reporting person field is_ten_percent_owner is set to 0."
Rule 10b5-1 regulatory
"aff_10b5_one is described as the document-level Rule 10b5-1 checkbox."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does William R. McDermott report in his Form 3 for INTU?
William R. McDermott’s Form 3 for INTU reports that he beneficially owns no Intuit Inc. securities. The statement also shows no transactions, holdings, or derivative positions in Intuit stock associated with him at the time of this initial report.
What is William R. McDermott’s role at Intuit Inc. (INTU) in this ownership report?
In this ownership report, William R. McDermott is identified as a director of Intuit Inc.. He is not listed as an officer or a ten percent owner, and the statement indicates no beneficial ownership of Intuit securities.
Does the INTU Form 3 for William R. McDermott show any stock transactions?
The Form 3 for William R. McDermott shows no stock transactions in Intuit Inc. shares. Transaction counts for buys, sells, exercises, gifts, and restructurings are all reported as zero, and there are no individual transaction entries listed.
Does William R. McDermott report any derivative positions in INTU on this Form 3?
No derivative positions are reported for William R. McDermott in INTU on this Form 3. The derivativeSummary is empty, indicating no options, warrants, or other derivative securities are listed as being held at this time.