SZKUTAK THOMAS J 4

What Happened
Thomas J. Szkutak, a director of Intuit (INTU), executed multiple derivative transactions and received restricted stock unit (RSU) awards. On 2026-01-22 he exercised/converted derivative instruments that included 67 shares at $374.85 (total value $25,115) and a 694-share conversion recorded at $0.00 (derivative conversion). On 2026-01-23 he received RSU awards: 497 shares recorded at $0.00 and 61 RSUs valued at $563.97 each (total value $34,402) — the RSU award reflects an election to receive director fees in stock. These were exercises/conversions and awards, not open-market purchases or ordinary sales.

Key Details

• Transaction dates and values:
  • 2026-01-22: Exercise/conversion (code M) — 67 shares @ $374.85 = $25,115; 694 shares @ $0.00 (derivative conversion).
  • 2026-01-23: Grant/award (code A) — 497 RSUs @ $0.00; 61 RSUs @ $563.97 = $34,402.
• Shares owned after transaction: Not disclosed in the supplied excerpt of the filing.
• Footnotes:
  • F1: 1-for-1 (conversion ratio).
  • F2/F3: Vesting/release dates for RSUs; RSUs vest or are canceled prior to vesting.
  • F4: $563.97 is the fair market value on the grant date; the 61-RSU award was from an election to receive director fees in RSUs.
• Filing timeliness: The Form 4 was filed on 2026-01-26 for transactions dated 2026-01-22 (filed 4 days after the primary transaction); insiders typically must file within two business days, so this appears late.

Context

• These were exercises/conversions of derivative awards and the receipt of RSUs (award of deferred compensation). When derivatives are listed as "disposed" concurrently, that often reflects settlement/transfer of derivative instruments rather than an open-market sale of common stock.
• Awards of RSUs for director fees are routine compensation and do not alone indicate buying or selling sentiment.
• No 10b5-1 plan, gift, or open-market purchase/sale was indicated in the provided details.