Intuit Inc. (INTU) awards director 125 restricted stock units in fee election
Rhea-AI Filing Summary
SZKUTAK THOMAS J reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. director Thomas J. Szkutak received an award of 125 restricted stock units, each convertible 1-for-1 into common stock. The RSUs vest on July 24, 2026 and are scheduled for release on July 24, 2031. The reference price is $275.62 per unit, based on the average closing price over the 30 trading days before the grant. Following this grant, he directly holds 125 RSUs from this award.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SZKUTAK THOMAS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F4, F2, F3 | 125 | $275.62 | $34K |
Holdings After Transaction:
Restricted Stock Units — 125 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: 125 units
Reference price per RSU: $275.62
Vesting date: July 24, 2026
+2 more
5 metrics
Restricted stock units granted
125 units
Grant of RSUs to director Thomas J. Szkutak on July 24, 2026
Reference price per RSU
$275.62
Average closing price over 30 trading days before the grant date
Vesting date
July 24, 2026
Date on which the 125 restricted stock units vest
Release date
July 24, 2031
Scheduled release date for the vested restricted stock units
RSUs held after transaction
125 units
Total restricted stock units from this award held directly after grant
Key Terms
Restricted Stock Units, vesting date, release date, director's fees
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
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
"election to receive payment of director's fees in the form of restricted stock units."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Thomas J. Szkutak report for INTUIT INC. (INTU)?
Thomas J. Szkutak reported receiving 125 restricted stock units of INTUIT INC. These RSUs represent the right to receive an equal number of common shares and were granted in connection with his service as a director, in lieu of cash director fees.
What is the vesting schedule for the 125 restricted stock units at INTU?
The 125 restricted stock units granted to director Thomas J. Szkutak vest on July 24, 2026. Vesting means the units become earned at that date, subject to plan terms, after which they are scheduled for release as common stock on a later specified date.
When will the granted INTUIT INC. (INTU) restricted stock units be released?
The granted restricted stock units are scheduled for release on July 24, 2031. A footnote explains this date represents the release date and that restricted stock units do not expire; they either vest or are canceled before the vesting date under the plan.
What price was used for the restricted stock unit grant reported at INTU?
The grant used a reference price of $275.62 per unit. A footnote states this equals the average closing price of Intuit common stock over the 30 trading days ending with the day before the grant date, used to value the director fee election.
How many INTUIT INC. (INTU) restricted stock units does Thomas J. Szkutak hold after this grant?
After this grant, Thomas J. Szkutak directly holds 125 restricted stock units from this award. Each unit is 1-for-1 into Intuit common stock, so these RSUs correspond to a potential 125 common shares if they ultimately vest and are released.
Why did Thomas J. Szkutak receive restricted stock units instead of cash at INTU?
A footnote explains the 125 restricted stock units were awarded under Szkutak’s election to receive payment of director's fees in RSUs rather than cash. This represents equity-based compensation tied to his board service instead of a cash fee payment.