Form 4: Intuit Executive Kerry J. McLean Reports Stock Transactions

Kerry J. McLean, EVP, Gen. Counsel & Corp. Sec. of Intuit Inc., reports multiple transactions involving common stock and restricted stock units on July 1, 2024.

Summary

• Kerry J. McLean, an executive at Intuit Inc., filed a Form 4 detailing changes in beneficial ownership.
• On July 1, 2024, McLean engaged in multiple transactions involving common stock and restricted stock units.
• These transactions included the acquisition of common stock through the vesting of restricted stock units and the disposition of common stock to cover tax obligations.
• McLean acquired 257, 179, 244, and 236 shares of common stock through the vesting of restricted stock units at a price of $0.
• McLean disposed of 457 shares of common stock at $650.77.
• Following these transactions, McLean directly owns 23,910.9256 shares of Intuit common stock.
• McLean also owns 2,832 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in the company's financial position.

Key Dates