Intuit (NASDAQ: INTU) EVP files Form 3 showing options and RSUs
Rhea-AI Filing Summary
INTUIT INC. executive Tyler Ralph Cozzens, EVP, General Counsel and Corporate Secretary, filed an initial statement of beneficial ownership. He reports 6,096.604 shares of common stock held directly, multiple non-qualified stock option grants exercisable at $448.59–$781.21 per share expiring between 2029 and 2032, and various time- and performance-based restricted stock units that settle 1-for-1 into common stock upon vesting over 2026–2029.
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Insider Trade Summary
19 transactions reported
Mixed
19 txns
Insider
Cozzens Tyler Ralph
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Options (right to buy) F1 | -- | -- | -- |
| holding | Non-Qualified Stock Options (right to buy) F2 | -- | -- | -- |
| holding | Non-Qualified Stock Options (right to buy) F3 | -- | -- | -- |
| holding | Non-Qualified Stock Options (right to buy) F4 | -- | -- | -- |
| holding | Restricted Stock Units (performance-based vesting) F8, F5, F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units (performance-based vesting) F8, F5, F6, F9 | -- | -- | -- |
| holding | Restricted Stock Units (performance-based vesting) F8, F5, F6, F10 | -- | -- | -- |
| holding | Restricted Stock Units (performance-based vesting) F8, F5, F6, F11 | -- | -- | -- |
| holding | Restricted Stock Units F8, F12, F6 | -- | -- | -- |
| holding | Restricted Stock Units F8, F13, F6 | -- | -- | -- |
| holding | Restricted Stock Units F8, F14, F6 | -- | -- | -- |
| holding | Restricted Stock Units F8, F15, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Matching Award) F8, F16, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Matching Award) F8, F17, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Matching Award) F8, F18, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Purchased Award) F8, F19, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Purchased Award) F8, F19, F6 | -- | -- | -- |
| holding | Restricted Stock Units (MSPP Purchased Award) F8, F19, F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Options (right to buy) — 16,329 shares (Direct);
Restricted Stock Units (performance-based vesting) — 19,911 shares (Direct);
Restricted Stock Units — 16,409 shares (Direct);
Restricted Stock Units (MSPP Matching Award) — 248 shares (Direct);
Restricted Stock Units (MSPP Purchased Award) — 257 shares (Direct);
Common Stock — 6,096.604 shares (Direct)
Footnotes (19)
- F1. 25% of the 3,023 options granted on 7/28/2022 vested on 7/28/2023 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.
- F2. 25% of the 5,110 options granted on 7/27/2023 vested on 7/27/2024 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.
- F3. 25% of the 4,641 options granted on 7/25/2024 vested on 7/25/2025 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.
- F4. 25% of the 3,555 options granted on 7/24/2025 vested on 7/24/2026 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.
- F5. Represents vesting date for restricted stock units (performance-based vesting).
- F6. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F7. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2026. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
- F8. 1-for-1
- F9. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2027. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
- F10. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2028. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
- F11. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2029. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
- F12. 12.5% of the 1,511 restricted stock units granted on 7/27/2023 vested on December 31, 2023 and thereafter 6.25% of the restricted stock units vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
- F13. 12.5% of the 1,398 restricted stock units granted on 7/25/2024 vested on December 31, 2024 and thereafter 6.25% of the restricted stock units vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
- F14. 12.5% of the 1,121 restricted stock units granted on 7/24/2025 vested on December 31, 2025 and thereafter 6.25% of the restricted stock units vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
- F15. 12.5% of the 14,492 restricted stock units granted on 7/23/2026 vest on December 31, 2026 and thereafter 6.25% of the restricted stock units vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
- F16. 100% of the restricted stock units granted vest on 8/11/2026.
- F17. 100% of the restricted stock units granted vest on 8/9/2027.
- F18. 100% of the restricted stock units granted vest on 8/8/2028.
- F19. Restricted stock units (MSPP Purchased Award) are fully vested upon grant; however, settlement occurs upon the earlier of termination of employment or three years from grant date.
Key Figures
Direct common stock holdings: 6,096.604 shares
Stock options at $448.59: 3,023 shares
Stock options at $496.53: 5,110 shares
+3 more
6 metrics
Direct common stock holdings
6,096.604 shares
Common Stock held directly as reported in the holdings table
Stock options at $448.59
3,023 shares
Underlying shares for non-qualified stock options with $448.59 exercise price expiring 2029-07-27
Stock options at $496.53
5,110 shares
Underlying shares for non-qualified stock options with $496.53 exercise price expiring 2030-07-26
Stock options at $626.32
4,641 shares
Underlying shares for non-qualified stock options with $626.32 exercise price expiring 2031-07-24
Performance RSUs vesting 9/1/2029
12,038 units
Target units vesting 9/1/2029 if total shareholder return objectives are met, settling 1-for-1 in common stock
Time-based RSUs from 7/23/2026 grant
14,492 units
Restricted stock units granted 7/23/2026 with 12.5% vesting 12/31/2026 and 6.25% quarterly thereafter
Key Terms
Non-Qualified Stock Options (right to buy), Restricted Stock Units (performance-based vesting), total shareholder return, MSPP Purchased Award
4 terms
Non-Qualified Stock Options (right to buy) financial
"Security title Non-Qualified Stock Options (right to buy) is reported"
Restricted Stock Units (performance-based vesting) financial
"Security title Restricted Stock Units (performance-based vesting) appears in the holdings"
MSPP Purchased Award financial
"Restricted stock units (MSPP Purchased Award) are fully vested upon grant"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity does Tyler Ralph Cozzens report owning in Intuit (INTU)?
Tyler Ralph Cozzens reports 6,096.604 Intuit common shares held directly, several non-qualified stock option grants over 3,023–5,110 underlying shares each, and multiple time- and performance-based restricted stock unit awards that will settle in common stock upon vesting over future dates through 2029.
What stock option grants are listed for Cozzens in the Intuit (INTU) Form 3?
The Form 3 lists non-qualified stock options over 3,023, 5,110, 4,641, and 3,555 Intuit shares, with exercise prices of $448.59, $496.53, $626.32, and $781.21, expiring between July 2029 and July 2032, subject to monthly vesting schedules described in the footnotes.
How do Cozzens’ performance-based RSUs for Intuit (INTU) vest?
Performance-based RSUs have target amounts, including awards over 2,997, 2,722, 2,154, and 12,038 units. Depending on total shareholder return performance, 0–200% of these targets may vest, with vesting dates of 9/1/2026, 9/1/2027, 9/1/2028, and 9/1/2029, settling 1-for-1 in common stock.
What is the vesting schedule for Cozzens’ time-based RSUs at Intuit (INTU)?
Certain time-based RSU grants, including 1,511, 1,398, 1,121, and 14,492 units, vest 12.5% on December 31 of the grant year, then 6.25% on each April 1, July 1, October 1, and December 31 thereafter until fully vested, if service conditions are satisfied.
What MSPP RSU awards does Cozzens report in the Intuit (INTU) Form 3?
Cozzens reports MSPP Matching Award RSUs of 84, 85, and 79 units that vest 100% on 8/11/2026, 8/9/2027, and 8/8/2028. MSPP Purchased Award RSUs of 89, 88, and 80 units are fully vested at grant, settling at employment termination or three years after grant.