Intuit (INTU) director Eve B. Burton granted 70 RSUs as board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTUIT INC. director Eve B. Burton received a grant of 70 restricted stock units as part of board compensation. The award was valued at $396.31 per unit, based on the fair market value of Intuit common stock on the grant date, and represents her election to receive director’s fees in RSUs. Each unit converts 1-for-1 into common stock, with all 70 units outstanding after the transaction, and they will either vest or be canceled by the stated vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burton Eve B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 70 | $396.31 | $28K |
Holdings After Transaction:
Restricted Stock Units — 70 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
RSUs granted: 70 units
Grant fair market value: $396.31 per unit
RSUs outstanding after grant: 70 units
+3 more
6 metrics
RSUs granted
70 units
Restricted stock unit award to director on May 8, 2026
Grant fair market value
$396.31 per unit
Fair market value of Intuit common stock on grant date
RSUs outstanding after grant
70 units
Total restricted stock units reported following this transaction
Conversion ratio
1-for-1
Each RSU converts into one share of common stock
Exercise/vesting date
May 8, 2026
Vesting date referenced for these restricted stock units
Release date reference
May 8, 2033
Release date referenced; units vest or are canceled before vesting
Key Terms
Restricted Stock Units, fair market value, director's fees, vesting date, +1 more
5 terms
Restricted Stock Units financial
"The award consisted of 70 Restricted Stock Units linked to 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.
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."
vesting date financial
"Represents vesting date for these restricted stock units."
release date financial
"Represents release date for these restricted stock units."
FAQ
What did Intuit (INTU) director Eve B. Burton report in this Form 4?
Eve B. Burton reported receiving 70 restricted stock units as a compensation grant. The RSUs are tied to director’s fees and convert into 70 shares of Intuit common stock if they vest instead of being canceled before the vesting date.
How many Intuit (INTU) restricted stock units did Eve B. Burton receive?
She received a grant of 70 restricted stock units linked to Intuit common stock. Following this grant, her reported holdings for this award total 70 RSUs, which will vest or be canceled according to the schedule described in the filing’s footnotes.
What is the grant value of Eve B. Burton’s Intuit (INTU) RSUs?
The RSUs were granted at a fair market value of $396.31 per unit on the grant date. This value reflects Intuit’s common stock price used to determine the number of units issued for the director’s elected fee payment.
How do Eve B. Burton’s Intuit (INTU) RSUs convert into common stock?
Each restricted stock unit converts into one share of Intuit common stock on release. The filing notes a 1-for-1 conversion ratio, meaning 70 RSUs correspond to 70 potential common shares if the units vest instead of being canceled.
Are Eve B. Burton’s Intuit (INTU) RSUs part of a director fee arrangement?
Yes, the filing states the award was granted under her election to receive director’s fees as restricted stock units. This means cash fees are effectively delivered in equity form, aligning director compensation with Intuit’s share performance over time.
Do Eve B. Burton’s Intuit (INTU) restricted stock units expire?
The filing explains that restricted stock units do not expire in the usual sense. Instead, they either vest and are released as common shares or are canceled prior to the vesting date if vesting conditions are not satisfied.