Form 4: Intuit Executive Kerry J. McLean Reports Gift of Shares to Charitable Fund

Kerry J. McLean, EVP, Gen. Counsel & Corp. Sec. of Intuit Inc., reported gifting 1,602 shares of common stock to a charitable donor advised fund on August 26, 2024.

Summary

• On August 26, 2024, Kerry J. McLean, an executive at Intuit Inc., reported a transaction involving the company's common stock.
• McLean gifted 1,602 shares of common stock to a charitable donor advised fund.
• The transaction did not involve any payment, as the shares were gifted.
• Following the transaction, McLean beneficially owns 22,308.9256 shares of Intuit Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. The gifting of shares to charity is a neutral to slightly positive event.

Positives

• The gifting of shares to a charitable organization can be viewed positively from a corporate social responsibility perspective.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings are a standard part of regulatory compliance, providing transparency into insider transactions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• The charitable donation may have a slightly positive impact on the company's reputation.

Key Dates