Intuit (NASDAQ: INTU) director Szkutak settles 48 RSUs into common stock
Rhea-AI Filing Summary
INTUIT INC. director Thomas J. Szkutak settled previously granted restricted stock units into common stock. On 2026-07-30, 48 restricted stock units vested on a 1-for-1 basis into 48 shares of common stock at a reference fair market value of $529.97 per share, increasing his direct holdings to 5,720 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 48 shares
Net Buy
2 txns
Insider
SZKUTAK THOMAS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4, F2, F3 | 48 | $529.97 | $25K |
| Exercise | Common Stock | 48 | $529.97 | $25K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 5,720 shares (Direct)
Footnotes (4)
- F1. 1-for-1
- F2. Represents vesting date for these restricted stock units.
- F3. Represents release date for these restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F4. Fair market value of Intuit Inc. Common Stock on date of grant; award pursuant to reporting person's election to receive payment of director's fees in the form of restricted stock units.
Key Figures
RSUs converted: 48 shares
Common shares acquired: 48 shares
Fair market value at grant: $529.97 per share
+1 more
4 metrics
RSUs converted
48 shares
Restricted stock units converting into common stock on 2026-07-30
Common shares acquired
48 shares
Shares of common stock received upon RSU settlement on 2026-07-30
Fair market value at grant
$529.97 per share
Fair market value of Intuit common stock on RSU grant date per footnote
Direct holdings after transaction
5,720 shares
Total Intuit common shares held directly by Thomas J. Szkutak after the reported transactions
Key Terms
Restricted Stock Units, fair market value, director's fees
3 terms
Restricted Stock Units financial
"Security title "Restricted Stock Units" with underlying Intuit common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fair market value financial
"Fair market value of Intuit Inc. Common Stock on date of grant"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
director's fees financial
"Award pursuant to reporting person's election to receive payment of director's fees in RSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did INTU director Thomas J. Szkutak report?
Thomas J. Szkutak converted 48 restricted stock units into 48 shares of Intuit common stock. The transaction on 2026-07-30 reflects a 1-for-1 vesting of director compensation awards rather than an open-market purchase or sale of shares in the market.
At what value were the reported Intuit RSUs originally granted to Szkutak?
The restricted stock units were tied to a fair market value of $529.97 per share of Intuit common stock on the date of grant. This value reflects the reference price used when Szkutak elected to receive director's fees in the form of RSUs.
Was Szkutak’s INTU transaction an open-market trade?
No open-market trade is reported; the Form 4 shows an RSU vesting and settlement. Code M and the details indicate a derivative exercise/conversion of 48 RSUs into common stock, with no separate purchase or sale transaction listed.
What is the conversion ratio for Szkutak’s Intuit restricted stock units?
The restricted stock units convert into common stock on a 1-for-1 basis. In this report, 48 RSUs converted into 48 shares of Intuit common stock upon vesting and release, consistent with the stated conversion ratio.
How were Thomas J. Szkutak’s Intuit restricted stock units granted?
The RSUs were granted at a fair market value of $529.97 per share as part of Szkutak’s election to receive director's fees in restricted stock units. They subsequently vested and were released into 48 common shares on 2026-07-30.