Director Forrest Eugene Norrod filed a Form 4 with the SEC on November 10, 2026, disclosing the acquisition of 80 restricted stock units in Intuit Inc. on November 6, 2026, pursuant to an election to receive director fees in the form of restricted stock units.

Key Highlights

  • Reporting person: Forrest Eugene Norrod, identified as a Director of Intuit Inc. (NASDAQ:INTU)
  • Transaction: Acquisition (code A) of 80 restricted stock units on November 6, 2026
  • 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
  • Vesting date: November 6, 2026, the same date as the transaction
  • Release date: November 6, 2031, with the filing noting that restricted stock units do not expire but either vest or are canceled prior to the vesting date
  • Beneficial ownership following transaction: 80 derivative securities (restricted stock units), held directly
  • Fee election basis: Restricted stock units awarded pursuant to the reporting person's election to receive payment of director fees in the form of restricted stock units

Norrod's Director Fee RSU Grant at Intuit: Transaction Details

According to the filing, Forrest Eugene Norrod, a director of Intuit Inc. (NASDAQ:INTU), acquired 80 restricted stock units on November 6, 2026. The filing notes the grant arose from Norrod's election to receive payment of director fees in the form of restricted stock units rather than cash. The transaction is recorded under Table II covering derivative securities.

The filing states the grant price of $315.88 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. Each restricted stock unit has a 1-for-1 conversion ratio to common stock, the filing disclosed. Following the transaction, Norrod beneficially owns 80 restricted stock units, held directly.

The filing indicates the vesting date for these restricted stock units is November 6, 2026, the same day as the grant, and the release date is November 6, 2031. The filing further explains that "restricted stock units do not expire; they either vest or are canceled prior to vesting date." The Form 4 was signed by Erick Rivero under power of attorney and filed on November 10, 2026.

What Was Disclosed

Intuit Inc. director Forrest Eugene Norrod disclosed the acquisition of 80 restricted stock units on November 6, 2026, at a reference price of $315.88, arising from an election to receive director fee payments in the form of restricted stock units, with a release date of November 6, 2031.