Director at Intuit (NASDAQ: INTU) acquires 118 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuit Inc. director Eve B. Burton exercised restricted stock units into common stock. On May 3, 2026, 118 restricted stock units converted into 118 shares of Intuit common stock, reflecting an exercise or conversion of a derivative security.
Following this transaction, Burton directly owns 1,853.427 shares of Intuit common stock. The restricted stock units were granted at a fair market value of $248.86 per share on the grant date, and they vest and release according to preset terms rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
118 shares exercised/converted
Mixed
2 txns
Insider
Burton Eve B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 118 | $248.86 | $29K |
| Exercise | Common Stock | 118 | $248.86 | $29K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 1,853.427 shares (Direct, null)
Footnotes (1)
- 1-for-1 Represents vesting date for these restricted stock units. Represents release date for these restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. 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
Shares acquired: 118 shares
Holdings after transaction: 1,853.427 shares
Fair market value at grant: $248.86 per share
+3 more
6 metrics
Shares acquired
118 shares
Common stock received from RSU conversion on May 3, 2026
Holdings after transaction
1,853.427 shares
Direct Intuit common stock owned by Eve B. Burton after exercise
Fair market value at grant
$248.86 per share
Grant-date fair market value of Intuit common stock for RSU award
RSU shares converted
118 RSUs
Restricted Stock Units exercised/converted into common stock
RSU exercise date
May 3, 2019
Exercise date recorded for restricted stock units
RSU release date
May 3, 2026
Release date recorded; RSUs vest or cancel, not expire
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Fair market value, Vesting date, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying conversion into 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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
Vesting date financial
"Represents vesting date for these restricted stock units."
Release date financial
"Represents release date for these restricted stock units."
FAQ
What insider transaction did Intuit (INTU) director Eve B. Burton report?
Eve B. Burton reported exercising restricted stock units into common shares. On May 3, 2026, 118 restricted stock units converted into 118 shares of Intuit common stock, classified as an exercise or conversion of a derivative security rather than an open-market purchase.
What are Eve B. Burton’s Intuit (INTU) holdings after the reported transaction?
After the transaction, Eve B. Burton directly holds 1,853.427 shares of Intuit common stock. This total reflects the addition of 118 shares received from vesting and conversion of restricted stock units, with no remaining balance reported for that specific restricted stock unit award.
How were the restricted stock units for Intuit (INTU) director Eve B. Burton structured?
The restricted stock units vest and then release on specified dates. Footnotes state one date represents the vesting date and another the release date, and that restricted stock units do not expire but instead either vest or are canceled before the vesting date under their grant terms.
How did Eve B. Burton receive the Intuit (INTU) restricted stock units initially?
Footnotes explain the award was granted at fair market value pursuant to her election to receive director’s fees in restricted stock units. Instead of cash fees, Burton chose to be compensated with these units, which later vested and converted into common shares recorded in the Form 4.