William R. McDermott, a director of Intuit Inc., filed a statement of changes in beneficial ownership on November 10, 2026, reporting the acquisition of 84 restricted stock units on November 6, 2026.

Key Highlights

  • Reporting person: William R. McDermott, identified as a director of Intuit Inc.
  • Securities acquired: 84 restricted stock units in common stock, acquired on November 6, 2026, with transaction code A (acquired).
  • Grant price basis: $315.88, described as the average closing price of Intuit Inc. common stock over the 30 trading days ending on and including the trading day immediately preceding the grant date.
  • Director fee election: The restricted stock units were awarded pursuant to the reporting person's election to receive payment of director's fees in the form of restricted stock units.
  • Vesting and release dates: The units vested on November 6, 2026, with a release date of November 6, 2031.
  • Beneficial ownership following transaction: 84 restricted stock units, held directly.

McDermott's Director Fee RSU Grant at Intuit

According to the filing, William R. McDermott, serving as a director of Intuit Inc. (NASDAQ:INTU), acquired 84 restricted stock units on November 6, 2026. The filing notes that the grant arose from McDermott's election to receive his director fees in the form of restricted stock units rather than cash, a compensation structure available to members of Intuit's board. Intuit Inc. is a financial technology company known for products including tax preparation and accounting software serving consumers and small businesses.

The filing states the price of $315.88 per unit represents the average closing price of Intuit Inc. common stock over the 30 trading days ending on and including the trading day immediately preceding the grant date. The restricted stock units carry a vesting date of November 6, 2026, and a release date of November 6, 2031. As noted in the filing's explanations, "Restricted stock units do not expire; they either vest or are canceled prior to vesting date." Following the reported transaction, McDermott's beneficial ownership in this derivative security class stands at 84 units, held directly. The filing was signed by Erick Rivero under power-of-attorney and dated November 10, 2026.

What Was Disclosed

The filing disclosed that Intuit director William R. McDermott received 84 restricted stock units on November 6, 2026, at a reference price of $315.88, as part of his election to take director fees in the form of restricted stock units rather than cash, with a release date of November 6, 2031.