Intuit (INTU) director awarded RSUs and exercises 63 units into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTUIT INC. director Thomas J. Szkutak reported routine equity compensation activity. He received a grant of 87 restricted stock units on May 8, 2026, valued at the fair market price of $396.31 per share, reflecting his election to take director’s fees in stock units.
On May 7, 2026, 63 restricted stock units were exercised on a 1‑for‑1 basis into 63 shares of common stock, with no sale reported. Following these transactions, he directly holds 5,672 shares of Intuit common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
63 shares exercised/converted
Mixed
3 txns
Insider
SZKUTAK THOMAS J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 87 | $396.31 | $34K |
| Exercise | Restricted Stock Units | 63 | $401.04 | $25K |
| Exercise | Common Stock | 63 | $401.04 | $25K |
Holdings After Transaction:
Restricted Stock Units — 87 shares (Direct, null);
Common Stock — 5,672 shares (Direct, null)
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.
Key Figures
RSU grant size: 87 restricted stock units
RSU grant fair market value: $396.31 per share
RSUs exercised: 63 restricted stock units
+3 more
6 metrics
RSU grant size
87 restricted stock units
Granted on May 8, 2026 to director Szkutak
RSU grant fair market value
$396.31 per share
Fair market value of Intuit common stock on grant date
RSUs exercised
63 restricted stock units
Exercised 1-for-1 into common stock on May 7, 2026
Shares received on exercise
63 shares of common stock
Underlying shares from RSU exercise on May 7, 2026
Shares held after transactions
5,672 shares
Total Intuit common shares directly owned after Form 4
RSU release/expiration date
May 8, 2031
Release date referenced for these restricted stock units
Key Terms
Restricted Stock Units, fair market value, vesting date, release date, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying security title: "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.
fair market value financial
"Fair market value of Intuit Inc. common stock on date of grant"
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.
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
"award pursuant to reporting person's election to receive payment of director's fees in the form of restricted stock units."
FAQ
What insider transactions did Intuit (INTU) director Thomas Szkutak report?
Thomas J. Szkutak reported a grant of 87 restricted stock units and the exercise of 63 units into common shares. These transactions reflect routine director equity compensation rather than open-market buying or selling of Intuit stock.
What was the value of the new restricted stock units granted to Intuit (INTU) director Szkutak?
Szkutak received 87 restricted stock units valued at a fair market price of $396.31 per share on the grant date. The award was issued pursuant to his election to receive payment of director’s fees in the form of restricted stock units.
How were the restricted stock units exercised in the Intuit (INTU) Form 4?
The filing shows a 1-for-1 exercise of 63 restricted stock units into 63 shares of Intuit common stock. Footnotes clarify that restricted stock units vest or are canceled and, upon vesting, are released as common shares without an expiration feature.