Intuit EVP exercises RSUs, pays taxes in stock
INTUIT INC. executive Kerry J. McLean, EVP, General Counsel & Corporate Secretary, reported routine equity compensation activity involving restricted stock units that vested into common stock and related tax withholding handled in shares.
Rhea-AI Filing Summary
INTUIT INC. executive Kerry J. McLean, EVP, General Counsel & Corporate Secretary, reported routine equity compensation activity involving restricted stock units that vested into common stock and related tax withholding handled in shares.
On July 1, 2026, multiple tranches of restricted stock units converted into a total of 850 shares of common stock through derivative exercises. To satisfy tax obligations, 294.316 shares of common stock were disposed of at a price of $261.00 per share as a tax-withholding transaction, not an open-market sale. After these transactions, McLean directly held 29,205.1396 shares of Intuit common stock, with no remaining restricted stock units from the reported grants.
Positive
- None.
Negative
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Insider Trade Summary
850 shares exercised/converted
Exercise
9 txns
Insider
McLean Kerry J
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 244 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 236 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 200 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 170 | $0.00 | $0.00 |
| Exercise | Common Stock | 244 | $0.00 | $0.00 |
| Exercise | Common Stock | 236 | $0.00 | $0.00 |
| Exercise | Common Stock | 200 | $0.00 | $0.00 |
| Exercise | Common Stock | 170 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 294.316 | $261.00 | $77K |
Holdings After Transaction:
Restricted Stock Units — 4,581 contracts (Direct);
Common Stock — 29,516.8236 shares (Direct)
Footnotes (4)
- F1. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
- F2. 1-for-1
- F3. Represents vesting date for this tranche of restricted stock units.
- F4. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
Tax-withholding shares: 294.316 shares
Tax-withholding price: $261.00 per share
Shares from RSU vesting: 850 shares
+3 more
6 metrics
Tax-withholding shares
294.316 shares
Common stock disposed of for tax withholding at $261.00 per share
Tax-withholding price
$261.00 per share
Fair market value used for tax-withholding disposition
Shares from RSU vesting
850 shares
Total common stock from derivative exercises of restricted stock units
Post-transaction holdings
29,205.1396 shares
Common stock directly held after all reported transactions
Tax-withholding count
1 transaction
Single F-code tax-withholding disposition reported
Derivative exercises
4 transactions, 850 shares
M-code derivative exercises converting RSUs into common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Fair market value, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with 1-for-1 conversion into 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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 294.316 common shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" describing RSU vesting"
Fair market value financial
"footnote: "Fair market value of Intuit Inc. common stock""
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
1-for-1 financial
"footnote: "1-for-1" conversion ratio of RSUs into common stock"
FAQ
What did Intuit (INTU) executive Kerry McLean report in this Form 4?
Kerry McLean reported routine equity compensation activity. Several restricted stock unit tranches converted into common stock, and some shares were withheld to cover taxes, updating her directly held Intuit common stock position.
How were the Intuit (INTU) restricted stock units structured in this Form 4?
The restricted stock units were convertible into Intuit common stock on a one-for-one basis. Footnotes explain they vest on specified dates and either vest or are canceled, rather than expiring like traditional stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
