Norrod Forrest Eugene 4

What Happened
Forrest Eugene Norrod, a director of Intuit Inc. (INTU), was granted 64 restricted stock units (reported as a derivative award) on May 8, 2026. The filing reports a fair market value of $396.31 per share, for a total grant value of $25,364. This was an award of RSUs (transaction code A), issued pursuant to the reporting person's election to receive director fees in the form of RSUs.

Key Details

• Transaction date: 2026-05-08; Form 4 filed 2026-05-11 (timely filing).
• Grant: 64 restricted stock units (RSUs) at $396.31 per share; total value $25,364 (footnote F4).
• Transaction type: Award/Grant of derivative securities (RSUs), not an open-market purchase or sale.
• Shares owned after transaction: Not specified in the provided filing.
• Vesting/release: Footnotes F2 and F3 reference vesting/release dates; F3 notes RSUs do not expire and either vest or are canceled prior to vesting. F1 indicates a 1-for-1 conversion factor.
• Purpose: Footnote F4 indicates the award was elected in lieu of director fees.

Context
RSUs are conditional awards that convert into common stock upon vesting or release; they are commonly used as director compensation and do not represent an immediate market purchase or sale. Such grants are typically routine compensation and should be interpreted as a compensation event rather than a direct market sentiment signal.