Intuit (INTU) director Eve Burton converts RSUs into 1,735 shares of stock
Rhea-AI Filing Summary
Intuit Inc. director Eve B. Burton reported routine equity award activity involving restricted stock units (RSUs) that converted into common shares on 01/18/2026. Two RSU awards vested and were released on that date, delivering 1,215 common shares at an exercise price of $0 per share on a 1-for-1 basis and another 137 common shares tied to RSUs originally granted at a fair market value of $213.87 per share. After these conversions, Burton directly owned 1,735.427 shares of Intuit common stock. The footnotes clarify that RSUs convert 1-for-1 into common stock and either vest or are canceled if vesting conditions are not met, with one award reflecting Burton’s prior election to receive director fees in RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,215 | $0.00 | -- |
| Exercise | Restricted Stock Units | 137 | $213.87 | $29K |
| Exercise | Common Stock | 1,215 | $0.00 | -- |
| Exercise | Common Stock | 137 | $213.87 | $29K |
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.
FAQ
Who is the insider in this Intuit (INTU) Form 4 filing?
The Form 4 reports transactions by Eve B. Burton, who is identified as a director of Intuit Inc. and is not listed as an officer or 10% owner.
What transactions did Eve B. Burton report in this Intuit (INTU) Form 4?
Burton reported the conversion of restricted stock units (RSUs) into Intuit common stock on 01/18/2026, coded as transaction type M, which indicates an exercise or conversion of derivative securities.
Were any restricted stock units still held by the Intuit (INTU) director after the Form 4 transactions?
No. The table shows that after the RSU conversions on 01/18/2026, the number of restricted stock units beneficially owned was 0, indicating all reported RSUs had been converted or otherwise resolved.
What do the footnotes say about the Intuit (INTU) restricted stock units in this Form 4?
The footnotes state that RSUs convert into Intuit common stock on a 1-for-1 basis, identify the vesting and release dates, and explain that RSUs either vest or are canceled before vesting. One award reflects Burton’s election to receive director fees in the form of RSUs at a fair market value of $213.87 per share on the grant date.