INTU - Insider Move: Kerry McLean Exercises Options Realizing $1.65M At Intuit | Benzinga
Kerry McLean, EVP at Intuit (NASDAQ:INTU), reported a large exercise of company stock options on February 28, according to a new SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday revealed that McLean, EVP at Intuit in the Information Technology sector, exercised stock options for 3,692 shares of INTU stock. The exercise price of the options was $216.64 per share.
During Wednesday's morning session, Intuit shares down by 1.04%, currently priced at $662.42. Considering the current price, McLean's 3,692 shares have a total value of $1,645,819.
Get to Know Intuit Better
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.
Intuit: A Financial Overview
Revenue Growth: Intuit displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 11.34%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a ...