Intuit Inc. (INTU) awards director 413 restricted stock units
Rhea-AI Filing Summary
McDermott William R reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. director William R. McDermott reported a grant of 413 restricted stock units on 2026-08-03. Each unit is convertible into one share of common stock, vests on 2027-01-01, and has a stated release date of 2031-08-03. Following the award, he directly holds 413 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDermott William R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 413 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 413 shares (Direct)
Footnotes (3)
- F1. 1-for-1
- F2. Represents vesting date for these restricted stock units.
- F3. Represents release date for these restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to the vest date.
Key Figures
Restricted stock units granted: 413 restricted stock units
Conversion ratio: 1-for-1
Vesting date: 2027-01-01
+3 more
6 metrics
Restricted stock units granted
413 restricted stock units
Grant to director William R. McDermott on 2026-08-03
Conversion ratio
1-for-1
Each restricted stock unit corresponds to one share of common stock
Vesting date
2027-01-01
Vesting date for the 413 restricted stock units
Release date
2031-08-03
Stated release date for these restricted stock units
Post-transaction RSU holdings
413 restricted stock units
Total restricted stock units directly held after the grant
Grant price per unit
$0.0000 per restricted stock unit
Reported transaction price per restricted stock unit
Key Terms
Restricted Stock Units, vesting date, release date, 1-for-1
4 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units granted to a director"
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.
vesting date financial
"Represents vesting date for these restricted stock units."
release date financial
"Represents release date for these restricted stock units."
1-for-1 financial
"Footnote describes a 1-for-1 relationship for the restricted stock units."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did INTU report for William R. McDermott?
William R. McDermott, a director of Intuit Inc., reported receiving a grant of 413 restricted stock units on 2026-08-03. Each unit represents a right to receive Intuit common stock, subject to vesting and a stated future release date.
When do William R. McDermott’s new INTU restricted stock units vest?
The 413 restricted stock units granted to William R. McDermott vest on 2027-01-01. Vesting means the units become earned, after which they may be released in common stock according to the plan’s terms and the stated future release date.
What does 1-for-1 mean for William R. McDermott’s INTU restricted stock units?
The footnote states a 1-for-1 relationship, meaning each restricted stock unit corresponds to one share of Intuit common stock. If the units vest and are released, up to 413 shares of common stock could be delivered under this award.
How many INTU restricted stock units does William R. McDermott hold after this filing?
After the reported grant, William R. McDermott directly holds 413 restricted stock units. This figure reflects the total restricted stock units reported as beneficially owned following the transaction in this Form 4 filing.
Is the reported INTU transaction a grant or a market trade?
The transaction is coded as a grant, award, or other acquisition of derivative securities, specifically restricted stock units. It reflects equity compensation rather than an open-market purchase or sale of Intuit common stock.
What is the release date for William R. McDermott’s INTU restricted stock units?
A footnote explains that the stated date of 2031-08-03 represents the release date for these restricted stock units. The same footnote notes that restricted stock units do not expire; they either vest or are canceled before the vesting date.