Form 4: Intuit EVP Kerry J. McLean Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Kerry J. McLean, EVP, Gen. Counsel & Corp.Sec. of Intuit Inc., reports exercising stock options and selling shares on February 27, 2024.
Summary
- On February 27, 2024, Kerry J. McLean, EVP, Gen. Counsel & Corp.Sec. of Intuit Inc., exercised non-qualified stock options to acquire 3,692 shares of common stock at a price of $216.64.
- Simultaneously, McLean sold 3,692 shares of Intuit common stock at a price of $663.8387.
- Following these transactions, McLean directly owns 22,947.8936 shares of Intuit common stock and 11,079 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction report. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/26/2019 | Date of stock options |
| 02/27/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 07/25/2025 | Expiration date of stock options. |
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