Intuit EVP McLean vests RSUs, covers tax with shares
INTUIT INC. executive Kerry J. McLean, EVP, General Counsel & Corporate Secretary, exercised restricted stock units that vested into 849 shares of Intuit common stock on April 1, 2026.
Rhea-AI Filing Summary
INTUIT INC. executive Kerry J. McLean, EVP, General Counsel & Corporate Secretary, exercised restricted stock units that vested into 849 shares of Intuit common stock on April 1, 2026. These RSU conversions occurred at an exercise price of $0.00 per share.
Following the vesting, 301.627 shares of common stock were withheld at a fair market value of $432.38 per share to cover tax obligations. After these transactions, McLean directly held 28,961.1396 shares of Intuit common stock, which includes 38.384 shares previously acquired through the Intuit Employee Stock Purchase Plan.
Positive
- None.
Negative
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Insider Trade Summary
849 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 | 199 | $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 | 199 | $0.00 | $0.00 |
| Exercise | Common Stock | 170 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 301.627 | $432.38 | $130K |
Holdings After Transaction:
Restricted Stock Units — 5,431 contracts (Direct);
Common Stock — 28,961.1396 shares (Direct)
Footnotes (5)
- F1. Includes 38.384 shares acquired by the reporting person on 3/15/2026 through the Intuit Inc. Employee Stock Purchase Plan.
- F2. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
- F3. 1-for-1
- F4. Represents vesting date for this tranche of restricted stock units.
- F5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSU shares vested: 849 shares
Tax-withholding shares: 301.627 shares
Tax withholding price: $432.38 per share
+3 more
6 metrics
RSU shares vested
849 shares
Restricted Stock Units converted into common stock on April 1, 2026
Tax-withholding shares
301.627 shares
Common stock withheld to satisfy tax liability, code F
Tax withholding price
$432.38 per share
Fair market value used for tax-withholding disposition
Direct holdings after transactions
28,961.1396 shares
Intuit common stock directly owned by Kerry McLean after April 1, 2026
ESPP shares included
38.384 shares
Shares acquired March 15, 2026 via Intuit Employee Stock Purchase Plan
RSU derivative exercises
4 transactions, 849 shares
Exercise or conversion of restricted stock units coded M
Key Terms
Restricted Stock Units, tax-withholding disposition, Employee Stock Purchase Plan, fair market value, +1 more
5 terms
Restricted Stock Units financial
"The filing reports several transactions in Restricted Stock Units that converted 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
"One common stock transaction is coded F and described as a tax-withholding disposition."
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.
Employee Stock Purchase Plan financial
"A footnote notes 38.384 shares acquired through the Intuit Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
fair market value financial
"The tax-withholding shares are valued at the fair market value of Intuit 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.
derivative exercise/conversion financial
"Transactions coded M are described as a derivative exercise/conversion of RSUs into common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Intuit (INTU) EVP Kerry McLean report in this Form 4?
Kerry McLean reported vesting of restricted stock units that converted into 849 shares of Intuit common stock, plus a related tax-withholding share disposition. These are compensation-related events rather than open-market stock purchases or sales.
Were any of Kerry McLean’s Intuit (INTU) transactions open-market buys or sells?
No open-market buys or sells are reported. The Form 4 shows RSU exercises/conversions coded “M” and a tax-withholding disposition coded “F.” These are compensation and tax events, not discretionary market trades in Intuit stock.
What role do restricted stock units play in Kerry McLean’s Intuit (INTU) compensation?
Restricted stock units are a form of equity compensation that vest over time into Intuit common shares. In this filing, several RSU tranches vested on April 1, 2026, increasing McLean’s direct share ownership while triggering share withholding for taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
