Intuit (INTU) Director Eve B. Burton Exercises Options, Receives RSUs

What Happened
Eve B. Burton, a director of Intuit Inc. (INTU), exercised 105 derivative shares (options) on 2026-07-25 at $281.60 per share, realizing $29,568, and those 105 shares were disposed the same day. She was also granted 100 restricted stock units (RSUs) on 2026-07-24 with a grant value of $27,562 (at $275.62 per share). The exercise-and-immediate-disposition of the 105 shares suggests a cashless exercise or a sell-to-cover transaction; the 100 RSUs are an award/acquisition.

Key Details

• Transactions:
  • 2026-07-24: Award/grant of 100 RSUs @ $275.62 — total value $27,562 (reported as derivative acquisition).
  • 2026-07-25: Exercise of derivative (105 shares) @ $281.60 — acquired 105 shares ($29,568) and disposed 105 shares ($29,568) same day.
• Shares owned after transaction: Not provided in the supplied filing excerpt.
• Footnotes of note:
  • F1: 5.33 shares reflect previously undisclosed dividend reinvestments.
  • F3–F6: Describe RSU vesting/release timing and valuation method (average 30-day price and fair market value on grant); F2 indicates a 1-for-1 factor.
• Filing/timeliness: Form 4 filed 2026-07-28 for transactions dated 7/24–7/25; this filing date falls within the standard reporting window based on typical business-day counting and appears timely.

Context

• For clarity: the reporting shows an option exercise paired with an immediate sale of the same 105 shares (acquired and disposed on the same date and price), which is commonly a cashless exercise or sell-to-cover to cover option costs/taxes. The 100 RSUs are an award (director compensation election) and will vest/release per the plan terms (see footnotes). These entries are routine forms of director compensation and option management and do not by themselves indicate the director’s ongoing market view.