Intuit Insider Filing: Performance RSUs Vest for Kerry McLean; Partial Sale Reported
Rhea-AI Filing Summary
Intuit Inc. (INTU) reporting person Kerry J. McLean, EVP, General Counsel & Corporate Secretary, disclosed stock unit vesting and a sale on 09/01/2025. 7,267 performance-based restricted stock units vested and were converted 1-for-1 into 7,267 shares at no cash price, increasing holdings to 30,997.3326 shares (direct). Separately, 3,478 shares were sold at an effective per-share value based on the prior trading day's fair market value, reducing post-transaction holdings to 27,519.3326 shares (direct). The Form 4 was signed by power-of-attorney on 09/03/2025.
Positive
- Alignment with shareholders: 7,267 performance-based RSUs vested, indicating achievement of total shareholder return objectives and alignment of executive pay with shareholder outcomes.
- Transparency: Filing discloses both the vesting conversion and the subsequent sale with exact post-transaction holdings.
Negative
- Insider sale: 3,478 shares were disposed of on 09/01/2025, reducing direct holdings from 30,997.3326 to 27,519.3326 shares.
Insights
TL;DR: Insider vesting aligns executive compensation with shareholder returns; a partial sale followed vesting.
The filing shows performance-based restricted stock units vested for Kerry J. McLean and converted into common shares on 09/01/2025, indicating achievement of TSR objectives tied to the grant. A contemporaneous sale of 3,478 shares at the prior trading day's fair market value reduced direct holdings. This is a routine disclosure of compensation realization and subsequent disposition under Section 16 reporting rules.
TL;DR: Vesting of 7,267 PSUs and a sale of 3,478 shares are material to insider holdings but typical for executive compensation events.
The report quantifies the conversion of performance-based RSUs into 7,267 shares (1-for-1) with no purchase price and a sale of 3,478 shares valued at the prior trading day's market price. Post-transactions, direct beneficial ownership is reported precisely. No grants, option exercises, or expirations beyond the described PSU vesting are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) | 7,267 | $0.00 | -- |
| Exercise | Common Stock | 7,267 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,478 | $667.00 | $2.32M |
Footnotes (1)
- Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Represents the awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant related to achievement of certain total shareholder return objectives. Represents vesting and release date for restricted stock units (performance-based vesting). Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.
