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Intuit (INTU) director receives 64 restricted stock units as equity compensation

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INTUIT INC. director Forrest Eugene Norrod reported receiving a grant of 64 restricted stock units that each convert 1-for-1 into Intuit common stock. The award was made at a fair market value of $396.31 per share pursuant to his election to receive director's fees in restricted stock units.

The filing shows these restricted stock units either vest or are canceled prior to vesting, and they do not expire. Following this compensation grant, Norrod holds 64 restricted stock units directly, indicating a routine, small-sized equity award rather than an open-market share purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Norrod Forrest Eugene
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 64 $396.31 $25K
Holdings After Transaction: Restricted Stock Units — 64 shares (Direct, null)
Footnotes (1)
  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.
RSU grant size 64 restricted stock units Grant to director Forrest Eugene Norrod
Fair market value per share $396.31 per share Value of Intuit common stock on grant date
Post-transaction RSU holdings 64 restricted stock units Total restricted stock units held directly after grant
Conversion ratio 1-for-1 into common stock Each restricted stock unit converts into one share
Exercise price $0.00 per unit Conversion or exercise price for restricted stock units
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnotes describing vesting and cancellation"
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.
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"
1-for-1 financial
"Footnote labeled F1 states "1-for-1" for the conversion of units to common stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Norrod Forrest Eugene
(Last)(First)(Middle)
C/O INTUIT INC.
2700 COAST AVENUE
(Street)
MOUNTAIN VIEW CALIFORNIA 94043
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/08/2026A6405/08/2026(2)05/08/2031(3)Common Stock64$396.31(4)64D
Explanation of Responses:
1. 1-for-1
2. Represents vesting date for these restricted stock units.
3. Represents release date for these restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
4. 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.
Remarks:
/s/ Erick Rivero, by power-of-attorney05/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did INTUIT INC. (INTU) director Forrest Norrod report?

Forrest Eugene Norrod reported receiving 64 restricted stock units as equity compensation. These units were granted instead of cash director’s fees and will convert into Intuit common stock on a 1-for-1 basis if they vest rather than being canceled.

How many INTUIT INC. (INTU) restricted stock units did Forrest Norrod receive?

Forrest Eugene Norrod received 64 restricted stock units linked to Intuit common stock. Each unit represents the right to receive one share upon vesting, providing additional equity-based compensation tied directly to the company’s stock performance over time.

What was the fair market value used for Forrest Norrod’s INTUIT INC. (INTU) RSU grant?

The RSU grant to Forrest Eugene Norrod used a fair market value of $396.31 per share on the grant date. This value determines the size of the equity award granted in lieu of cash director fees, aligning compensation with Intuit’s share price.

Are Forrest Norrod’s INTUIT INC. (INTU) restricted stock units open-market purchases?

No, the 64 restricted stock units are a compensation grant, not open-market purchases. Footnotes state the award was made pursuant to Norrod’s election to receive payment of director’s fees in restricted stock units rather than in cash, reflecting routine board compensation.

What happens to the INTUIT INC. (INTU) restricted stock units if they do not vest?

The filing notes that restricted stock units do not expire but either vest or are canceled before vesting. If vesting conditions are not met, the affected units are canceled and never convert into Intuit common shares, limiting dilution to vested awards only.

How many INTUIT INC. (INTU) restricted stock units does Forrest Norrod hold after this grant?

After this reported transaction, Forrest Eugene Norrod holds 64 restricted stock units directly. This matches the size of the new award, indicating a relatively small equity position from this specific grant, consistent with routine director compensation rather than a large ownership change.