Form 4: Intuit Director Forrest Eugene Norrod Acquires Restricted Stock Units

Director Forrest Eugene Norrod acquired 43 restricted stock units of Intuit Inc. on May 9, 2025, as part of director's fees.

Summary

• On May 9, 2025, Forrest Eugene Norrod, a director of Intuit Inc., acquired 43 restricted stock units (RSUs).
• The RSUs were granted as payment for director's fees, based on the reporting person's election.
• The fair market value of Intuit Inc. common stock on the grant date was $653.88.
• The RSUs vest on May 9, 2025, and are released on May 9, 2030.
• The reporting person directly owns the 43 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard compensation practice for a director, aligning their interests with the company's performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's performance.
• The director elected to receive fees in the form of stock units.

Industry Context

This is a standard practice for compensating board members, aligning their interests with the long-term success of the company. Many companies use stock-based compensation to attract and retain directors.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies, including Intuit's peers like Adobe (ADBE), Microsoft (MSFT), and Salesforce (CRM).
• The amount of equity granted to directors varies based on company size, performance, and industry standards.
• Companies often use a mix of cash and equity to compensate directors, with equity grants typically vesting over several years to incentivize long-term commitment.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Restricted Stock Units, Director, Form 4, Intuit, INTU, Beneficial Ownership