Intuit Inc. (INTU) awards director 91 restricted stock units tied to fees
Rhea-AI Filing Summary
Norrod Forrest Eugene reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. director Forrest Eugene Norrod received a grant of 91 restricted stock units on July 24, 2026, each convertible 1-for-1 into common stock. The award uses a 30-day average price of $275.62 per share, vests July 24, 2026 and releases July 24, 2031, and was elected in lieu of director cash fees, leaving him with 91 RSUs reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Norrod Forrest Eugene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F4, F2, F3 | 91 | $275.62 | $25K |
Holdings After Transaction:
Restricted Stock Units — 91 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: 91 units
Reference share price: $275.62 per share
Conversion ratio: 1-for-1
+3 more
6 metrics
Restricted stock units granted
91 units
Grant to director Forrest Eugene Norrod on July 24, 2026
Reference share price
$275.62 per share
Average closing price over 30 trading days before grant, used to size RSU award
Conversion ratio
1-for-1
Each restricted stock unit convertible into one share of Intuit common stock
Vesting date
July 24, 2026
Vesting date for the granted restricted stock units
Release date
July 24, 2031
Scheduled release date for the vested restricted stock units
Holdings after grant
91 restricted stock units
Total RSUs reported as directly owned after the transaction
Key Terms
Restricted Stock Units, vesting date, release date, average closing price
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units; underlying security is Intuit 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.
vesting date financial
"Represents vesting date for these restricted stock units."
release date financial
"Represents release date for these restricted stock units."
average closing price financial
"Average closing price of Intuit Inc. common stock over the 30 trading days"
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did INTU director Forrest Eugene Norrod report?
Forrest Eugene Norrod reported receiving 91 restricted stock units of Intuit common stock. The RSUs were granted on July 24, 2026, convert 1-for-1 into common shares, vest on July 24, 2026, and are scheduled to release on July 24, 2031, subject to vesting.
At what reference price were the 91 restricted stock units for INTU valued?
The 91 RSUs were valued using an average closing price of $275.62 per Intuit share. This price reflects the average closing price over the 30 trading days ending on the day before the grant date and was used to convert director fees into RSUs.
How do the new restricted stock units for INTU’s director convert into common stock?
Each RSU granted to the director converts 1-for-1 into Intuit common stock. The units represent a right to receive one share per RSU upon vesting and release, rather than options with an exercise price or an expiration in the traditional sense.
When do the newly granted restricted stock units for INTU vest and release?
The 91 RSUs vest on July 24, 2026 and are scheduled to be released on July 24, 2031. The filing notes that restricted stock units do not expire; instead, they either vest and are released or are canceled before vesting.
Why did the INTU director receive this grant of 91 restricted stock units?
The director received the 91 RSUs under an election to take payment of director’s fees in restricted stock units. The number of units was determined using the 30-day average closing price of Intuit common stock instead of taking those fees in cash.
What is the director’s reported RSU holding in INTU after this transaction?
After the reported transaction, Forrest Eugene Norrod holds 91 restricted stock units directly. This equals the full amount of the July 24, 2026 grant, indicating this filing reports a new award rather than changes to an existing RSU balance.