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 April 1, 2024.

Summary

• Kerry J. McLean, an executive at Intuit Inc., filed a Form 4 detailing changes in beneficial ownership of Intuit's common stock and restricted stock units.
• On April 1, 2024, McLean exercised restricted stock units, converting them into common stock.
• The transactions included the vesting of 257, 178, 244, and 236 restricted stock units, each convertible to one share of common stock.
• McLean also disposed of 456 shares of common stock to cover tax obligations at a price of $639.84.
• Following these transactions, McLean directly owns 23,442.4156 shares of Intuit common stock and holds 3,068 restricted stock units.
• The report also notes that McLean acquired 35.522 shares on March 15, 2024, through the Intuit Inc. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.

Key Dates