Form 4: Intuit Director Vasant M. Prabhu Acquires Restricted Stock Units
SEC Form 4 Filing
Director Vasant M. Prabhu acquired 276 Restricted Stock Units (RSUs) of Intuit Inc. on May 3, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 3, 2024, Vasant M. Prabhu, a director of Intuit Inc., acquired 276 Restricted Stock Units (RSUs).
- These RSUs do not expire but either vest or are canceled before the vesting date.
- The vesting date for these RSUs is January 1, 2025, subject to deferred release, with a release date of May 3, 2029.
- The transaction was reported on a Form 4 filing with the SEC on May 6, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This is a routine disclosure of stock-based compensation for a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The acquisition of RSUs by a director aligns their interests with shareholders, potentially incentivizing them to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: Acquisition of Restricted Stock Units |
| 01/01/2025 | Vesting date for Restricted Stock Units, subject to deferred release |
| 05/03/2029 | Release date for Restricted Stock Units |
| 05/06/2024 | Date of Form 4 filing |
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