Intuit (NASDAQ: INTU) director Richard Dalzell receives 116 RSU stock award
Rhea-AI Filing Summary
DALZELL RICHARD L reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. director Richard L. Dalzell received a grant of 116 restricted stock units, each convertible 1-for-1 into Intuit common stock. The RSUs are based on a 30-day average share price of $275.62, vest on 2026-07-24, and the underlying shares are scheduled for release on 2031-07-24, leaving him holding 116 RSUs after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DALZELL RICHARD L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F4, F2, F3 | 116 | $275.62 | $32K |
Holdings After Transaction:
Restricted Stock Units — 116 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. Average closing price of Intuit Inc. common stock over the 30 trading days ending on and including the trading day immediately preceding the grant date; restricted stock units awarded pursuant to reporting person's election to receive payment of director's fees in the form of restricted stock units.
Key Figures
Restricted stock units granted: 116.0000 units
Underlying common shares: 116.0000 shares
Average price for award calculation: $275.6200 per share
+2 more
5 metrics
Restricted stock units granted
116.0000 units
Grant of RSUs to director Richard L. Dalzell
Underlying common shares
116.0000 shares
Common stock underlying the granted restricted stock units
Average price for award calculation
$275.6200 per share
Average closing price over 30 trading days used to size RSU grant
Vesting date
2026-07-24
Vesting date for these restricted stock units
Release date
2031-07-24
Release date for shares underlying the restricted stock units
Key Terms
Restricted Stock Units, 1-for-1, vesting date, release date, +1 more
5 terms
Restricted Stock Units financial
"Average closing price of Intuit Inc. common stock ... restricted stock units awarded"
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.
1-for-1 financial
"1-for-1"
vesting date financial
"Represents vesting date for these restricted stock units."
release date financial
"Represents release date for these restricted stock units."
director's fees financial
"restricted stock units awarded pursuant to reporting person's election to receive payment of director's fees"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did INTU director Richard L. Dalzell report?
Richard L. Dalzell reported a grant of 116 restricted stock units (RSUs) linked to Intuit common stock. The award is part of his director’s fees, taken in stock units rather than cash, and represents compensation rather than an open-market trade.
How many restricted stock units did Richard L. Dalzell receive from INTU?
Richard L. Dalzell received 116 restricted stock units. Each RSU corresponds to one share of Intuit common stock on settlement, so the award currently represents 116 underlying common shares if the units ultimately vest as scheduled.
When do Richard L. Dalzell’s INTU restricted stock units vest and release?
The RSUs are scheduled to vest on 2026-07-24, identified as the vesting date. The related common shares are expected to be released on 2031-07-24, described as the release date, assuming the units are not canceled before vesting.
What is the conversion ratio for Richard L. Dalzell’s INTU restricted stock units?
Each restricted stock unit converts into Intuit common stock on a 1-for-1 basis. This means every RSU entitles the holder to one share of common stock upon settlement, aligning the award directly with future share value.
How was the price for Richard L. Dalzell’s INTU RSU award determined?
The RSU award value is tied to the $275.62 average closing price of Intuit common stock over the 30 trading days ending immediately before the grant date. This average price was used to calculate the number of RSUs issued for his director’s fees.