Intuit Director William McDermott Receives RSU Award

What Happened

• William R. McDermott, a director of Intuit Inc. (INTU), was granted 413 restricted stock units (reported as a derivative award) on August 3, 2026. The filing shows an acquisition price of $0.00 because these are RSUs (not a cash purchase). RSUs represent a contingent right to receive shares in the future rather than immediate share purchases or sales.

Key Details

• Transaction date: 2026-08-03; Form 4 filed: 2026-08-05 (appears timely).
• Award: 413 RSUs, reported as a derivative acquisition at $0.00.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 = 1-for-1 conversion (each RSU converts to one share); F2 = denotes vesting date for these RSUs; F3 = denotes release date and notes RSUs do not expire (they either vest or are canceled before release).
• Transaction code: A = award/grant (not a purchase or sale).

Context

• RSU grants are a form of compensation and do not represent an immediate market purchase or sale. The units typically convert to common shares upon vesting/release per the indicated dates, at which point tax withholding or share delivery rules may apply. This filing reports the grant itself and does not indicate any immediate change in McDermott’s liquid ownership or intent to buy/sell stock.