Form 3 — Intuit Executive Holdings: Options and Performance RSUs

Rhea-AI Filing Summary

Intuit officer Hilliard Caryl Lyn reports direct ownership of 20,456.629 shares of Intuit common stock and holds multiple stock option grants and restricted stock unit (RSU) awards. The options span grants exercisable through 2027–2032 with exercise prices listed in the filing, while RSUs include time‑based and performance‑based awards that vest on scheduled dates and may pay 0–200% of target depending on total shareholder return performance.

Positive

• Direct ownership of 20,456.629 shares indicates executive equity stake aligning interests with shareholders.
• Diverse equity compensation mix (time‑based RSUs, performance RSUs, and multi‑year options) supports both retention and pay‑for‑performance incentives.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure showing executive equity ownership and multi‑year incentive alignment with shareholders.

The Form 3 documents direct beneficial ownership of 20,456.629 shares and a portfolio of non‑qualified stock options and restricted stock units. Options have staggered exercisability and multi‑year expirations, while RSUs include both time‑based schedules and performance‑based awards that vest subject to total shareholder return targets. This is a standard officer disclosure that increases transparency about executive compensation and potential dilution from outstanding awards.

Compensation Analyst

TL;DR: Compensation mix combines equity retention and performance incentives, not an unusual arrangement for a senior executive.

The reporting person holds multiple option grants (quantities and strike prices are specified) and several RSU tranches, including performance‑based awards with 0–200% payout potential and defined vesting dates. Time‑based RSUs vest according to quarterly schedules; certain matching and purchased awards are noted as fully vested on grant or vest upon termination/three‑year settlement. The disclosure clarifies award types and vesting mechanics relevant to pay‑for‑performance assessment.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hilliard Caryl Lyn

(Last) (First) (Middle)

C/O INTUIT INC.

2700 COAST AVENUE

(Street)

MOUNTAIN VIEW CA 94043

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2025

3. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, People and Places

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	20,456.629	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Options (right to buy)	(1)	07/29/2027	Common Stock	418	$303.94	D
Non-Qualified Stock Options (right to buy)	(2)	07/28/2028	Common Stock	1,566	$525.51	D
Non-Qualified Stock Options (right to buy)	(3)	07/27/2029	Common Stock	3,867	$448.59	D
Non-Qualified Stock Options (right to buy)	(4)	07/26/2030	Common Stock	5,962	$496.53	D
Non-Qualified Stock Options (right to buy)	(5)	07/24/2031	Common Stock	4,641	$626.32	D
Non-Qualified Stock Options (right to buy)	(6)	07/23/2032	Common Stock	7,617	$781.21	D
Restricted Stock Units (performance-based vesting)	09/01/2025(7)	(8)	Common Stock	3,586(9)	(10)	D
Restricted Stock Units (performance-based vesting)	09/01/2026(7)	(8)	Common Stock	3,421(11)	(10)	D
Restricted Stock Units (performance-based vesting)	09/01/2027(7)	(8)	Common Stock	2,704(12)	(10)	D
Restricted Stock Units (performance-based vesting)	09/01/2028(7)	(8)	Common Stock	4,615(13)	(10)	D
Restricted Stock Units	(14)	(8)	Common Stock	488	(10)	D
Restricted Stock Units	(15)	(8)	Common Stock	882	(10)	D
Restricted Stock Units	(16)	(8)	Common Stock	1,049	(10)	D
Restricted Stock Units	(17)	(8)	Common Stock	2,401	(10)	D
Restricted Stock Units (MSPP Matching Award)	(18)	(8)	Common Stock	106	(10)	D
Restricted Stock Units (MSPP Matching Award)	(19)	(8)	Common Stock	106	(10)	D
Restricted Stock Units (MSPP Matching Award)	(20)	(8)	Common Stock	97	(10)	D
Restricted Stock Units (MSPP Purchased Award)	(21)	(8)	Common Stock	111	(10)	D
Restricted Stock Units (MSPP Purchased Award)	(21)	(8)	Common Stock	109	(10)	D
Restricted Stock Units (MSPP Purchased Award)	(21)	(8)	Common Stock	98	(10)	D

Explanation of Responses:

1. 25% of the 4,008 options granted on 7/30/2020 vested on 7/30/2021 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.

2. 25% of the 4,421 options granted on 7/29/2021 vested on 7/29/2022 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until 100% vested.

3. 25% of the 6,399 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.

4. 25% of the 5,962 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.

5. 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.

6. 25% of the 7,617 options granted on 7/24/2025 vest 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.

7. Represents vesting date for restricted stock units (performance-based vesting).

8. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.

9. 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 9/1/2025. Vested Restricted Stock Units will be paid in an equal number of shares of Intuit Inc. common stock.

10. 1-for-1

11. 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.

12. 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.

13. 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.

14. 12.5% of the restricted stock units granted on 7/28/2022 vested on December 31, 2022 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.

15. 12.5% of the 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.

16. 12.5% of the 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.

17. 12.5% of the restricted stock units granted on 7/24/2025 vest 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.

18. 100% of the restricted stock units granted vest on 8/12/2025.

19. 100% of the restricted stock units granted vest on 8/11/2026.

20. 100% of the restricted stock units granted vest on 8/9/2027.

21. 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.

Remarks:

	/s/ Erick Rivero, by power-of-attorney	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What securities does Hilliard Caryl Lyn report owning in INTU?

The reporting person reports 20,456.629 shares of Intuit common stock, multiple non‑qualified stock options (various grant dates, quantities and exercise prices) and numerous restricted stock units (time‑based, performance‑based, and MSPP awards).

Are any of the RSUs performance‑based and how are they measured for INTU?

Yes. Several RSUs are performance‑based with a target number shown and potential vesting from 0–200% of target depending on achievement of specified total shareholder return objectives.

How many stock options does the filing show and what are their expirations?

The filing lists multiple option grants totaling thousands of options with exercisability and expirations spanning 2027 through 2032; each grant includes the number of options and the stated exercise price in the disclosure.

Is this an individual filing or a joint filing for INTU Form 3?

This is a Form filed by one reporting person reporting individual beneficial ownership and awards.

What is the reporting person’s role at Intuit (INTU)?

The reporting person is identified as an Officer with the title EVP, People and Places.