Norrod Forrest Eugene 4

What Happened
Forrest Norrod, a director of Intuit Inc. (INTU), received restricted stock unit (RSU) awards on 2026-01-23. The filing shows 497 RSUs were released/vested to him (acquired at $0.00) and an additional grant of 45 RSUs at a fair market value of $563.97 each, totaling about $25,378. These transactions are awards/compensation (not open-market purchases or sales).

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-26 (within typical two-business-day reporting window).
• Items reported: 497 RSUs released/vested (acquired at $0.00); 45 RSUs granted at $563.97 each (total ~$25,378).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes:
  • F1: 1-for-1 (conversion/ratio notation).
  • F2: Indicates vesting date for the RSUs.
  • F3: Indicates release date for vested RSUs; RSUs either vest or are canceled prior to vesting.
  • F4: $563.97 is the fair market value on the grant date; the 45-RSU award reflects the director’s election to receive fees in RSUs.
• Transaction type: "A" = Award/Grant (derivative RSUs).

Context
RSUs are a form of equity compensation (not option exercises) and typically reflect routine director pay or elections to take fees in stock. Receiving vested RSUs (no cash outlay) and new RSU grants is common and does not by itself indicate a buy or sell signal about the company’s shares.