Form 4: Intuit Director Thomas Szkutak Acquires Restricted Stock Units

Director Thomas Szkutak acquired 53 restricted stock units of Intuit Inc. on May 9, 2025, electing to receive director's fees in this form.

Summary

• On May 9, 2025, Thomas Szkutak, a director of Intuit Inc., acquired 53 restricted stock units (RSUs).
• The RSUs were granted as a result of Szkutak's election to receive payment of director's fees in the form of restricted stock units.
• The fair market value of Intuit Inc. common stock on the date of the grant was $653.88.
• The RSUs vest on May 9, 2025, and are released on May 9, 2030.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction indicating director alignment with company interests through equity ownership.

Positives

• The acquisition of RSUs by a director demonstrates confidence in the company's future performance.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing reflects a common practice of compensating directors with equity, aligning their interests with those of shareholders. Many tech companies use RSUs as part of their compensation packages.

Comparison to Industry Standards

• Companies like Microsoft, Apple, and Alphabet also use restricted stock units as part of their director compensation packages.
• The amount of RSUs granted to directors varies based on company size, performance, and industry standards.
• The vesting schedules for RSUs are typically between one and five years, aligning with Intuit's vesting schedule.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment by demonstrating confidence in the company's future.

Key Dates

Keywords

restricted stock units, director fees, Form 4, INTU, Intuit Inc., Thomas Szkutak, director compensation