Intuit (NASDAQ: INTU) director elects fees in stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuit Inc. director Forrest Eugene Norrod reported two awards of restricted stock units (RSUs) on January 23, 2026. He received 497 RSUs at an exercise price of $0, and a separate grant of 45 RSUs valued at $563.965 per share, reflecting the fair market value of Intuit common stock on the grant date. Each RSU corresponds on a 1-for-1 basis to a share of Intuit common stock, subject to vesting. The filing notes that RSUs either vest or are canceled before vesting, and the second award was made under his election to receive director fees in RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Norrod Forrest Eugene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 497 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 45 | $563.965 | $25K |
Holdings After Transaction:
Restricted Stock Units — 497 shares (Direct)
Footnotes (1)
- 1-for-1 Represents vesting date for these restricted stock units. Represents release date for these vested 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.
FAQ
What insider activity did Intuit (INTU) report for Forrest Eugene Norrod?
Intuit (INTU) reported that director Forrest Eugene Norrod received two grants of restricted stock units on January 23, 2026, totaling 542 RSUs.
How many restricted stock units did the Intuit director receive on January 23, 2026?
On January 23, 2026, the director received 497 RSUs at an exercise price of $0 and a separate grant of 45 RSUs valued at $563.965 per share.
What does the $563.965 figure represent in the Intuit (INTU) Form 4 filing?
The $563.965 figure represents the fair market value of Intuit Inc. common stock on the grant date for the 45 RSUs awarded.
Are the Intuit restricted stock units granted to the director one-for-one with common stock?
Yes. The filing states a 1-for-1 relationship, meaning each RSU corresponds to one share of Intuit common stock upon vesting or release.
Why did the Intuit director receive 45 RSUs at fair market value?
The 45 RSUs were granted pursuant to the director’s election to receive payment of director’s fees in the form of restricted stock units at fair market value.
Do the Intuit restricted stock units reported in this Form 4 expire?
The filing explains that restricted stock units do not expire; they either vest on the specified dates or are canceled prior to vesting.