INTU Form 4: Kerry McLean Receives 144 Purchased + 144 Matching RSUs
Rhea-AI Filing Summary
Intuit insider stock awards recorded: Kerry J. McLean, Executive Vice President, General Counsel & Corporate Secretary of Intuit Inc. (INTU), reported two grants of restricted stock units on 08/08/2025 totaling 288 RSUs (144 MSPP Purchased Award RSUs and 144 MSPP Matching Award RSUs). The Purchased Award RSUs are listed with a $749 price and are fully vested upon grant but settle on the earlier of termination of employment or three years from grant; settlement date shown as 08/08/2028. The Matching Award RSUs vest on 08/08/2028 and were awarded in connection with voluntary participation in Intuit’s Management Stock Purchase Program.
Positive
- Two RSU grants totaling 288 units were reported, showing transparent disclosure of insider equity activity
- MSPP Matching Award granted in connection with voluntary participation in the Management Stock Purchase Program, indicating program-driven alignment
- Purchased Award is fully vested upon grant (per the form), clarifying the vesting status
Negative
- None.
Insights
TL;DR: Executive received time‑based and program‑linked RSUs that align with shareholder incentives; no cash compensation changes disclosed.
The filing documents two categories of restricted stock units for Kerry J. McLean: a Purchased Award that is fully vested at grant but subject to settlement timing and a Matching Award tied explicitly to participation in the company’s Management Stock Purchase Program. The Purchased Award shows a purchase price of $749 per share and settlement mechanics (earlier of termination or three years), while the Matching Award vests on 08/08/2028. From a governance standpoint these are routine equity compensation disclosures demonstrating incentive alignment without any reported disposals, sales, or cash compensation changes in this Form 4.
TL;DR: Disclosure records acquisition of 288 RSUs by a senior officer; impact on share count is routine and not quantified here.
The report shows acquisition (code A) of 144 RSUs (MSPP Purchased Award) and 144 RSUs (MSPP Matching Award) on 08/08/2025, with both resulting in beneficial ownership of 144 underlying shares each following the transactions. The Purchased Award lists a price of $749 while the Matching Award is recorded at $0 as a program match. No sales, option exercises, or derivative dispositions are reported. The filing is a standard Section 16 disclosure of insider equity awards and does not include broader financial metrics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (MSPP Purchased Award) | 144 | $749.00 | $108K |
| Grant/Award | Restricted Stock Units (MSPP Matching Award) | 144 | $0.00 | $0.00 |
Footnotes (6)
- F1. 1-for-1
- F2. Restricted stock units (MSPP Purchased Award) are fully vested upon grant; however, settlement occurs upon the earlier of termination of employment or three years from grant date.
- F3. Represents settlement date for restricted stock units (MSPP Purchased Award). Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F4. Represents vesting date for these restricted stock units.
- F5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F6. Reporting person was awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation in a management stock purchase program (MSPP).
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