Intuit (INTU) EVP reports restricted stock unit vesting and share transactions
Rhea-AI Filing Summary
Intuit Inc. executive, the EVP of People and Places, reported multiple equity award transactions dated 12/11/2025. The filing shows several conversions of restricted stock units into Intuit common stock at an effective price of $0 per share, along with a transaction involving 130 shares at a fair market value of $662.43 per share.
After these transactions, the executive directly beneficially owned about 22,555.996 shares of Intuit common stock. The derivative table shows performance-based and matching restricted stock units that settle into common stock on a 1-for-1 basis, with future vesting tied to total shareholder return objectives and specific vesting dates in 2026, 2027, and 2028. The company has accelerated vesting and issuance of portions of these awards to accommodate forfeiture of shares related to employment tax withholding obligations arising in connection with retirement eligibility.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) | 54 | $0.00 | -- |
| Exercise | Restricted Stock Units (performance-based vesting) | 42 | $0.00 | -- |
| Exercise | Restricted Stock Units (performance-based vesting) | 30 | $0.00 | -- |
| Exercise | Restricted Stock Units (MSPP Matching Unit) | 2 | $0.00 | -- |
| Exercise | Restricted Stock Units (MSPP Matching Award) | 2 | $0.00 | -- |
| Exercise | Common Stock | 54 | $0.00 | -- |
| Exercise | Common Stock | 42 | $0.00 | -- |
| Exercise | Common Stock | 30 | $0.00 | -- |
| Exercise | Common Stock | 2 | $0.00 | -- |
| Exercise | Common Stock | 2 | $0.00 | -- |
| Tax Withholding | Common Stock | 130 | $662.43 | $86K |
Footnotes (1)
- Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2026. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Represents target number of units subject to the award; the number that vest may be 0% - 200% of this number, depending upon performance. Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2027. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility. Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2028. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility. Represents vesting and settlement date for Restricted Stock Units (MSPP Matching Award). The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.
FAQ
What insider transaction did Intuit (INTU) report for its EVP of People and Places?
The EVP of People and Places at Intuit Inc. reported multiple equity transactions on 12/11/2025, including conversions of restricted stock units into Intuit common stock and a transaction involving 130 shares valued at $662.43 per share.
What types of equity awards are involved in this Intuit (INTU) Form 4 filing?
The filing involves restricted stock units, including performance-based awards and MSPP matching units and awards, each convertible into Intuit common stock on a 1-for-1 basis.
What performance conditions affect the restricted stock units reported for Intuit (INTU)?
Certain restricted stock units will vest following achievement by the issuer of total shareholder return objectives, with vesting dates noted as 9/1/2026, 9/1/2027, and 9/1/2028.
Why did Intuit accelerate vesting of some restricted stock units in this filing?
The issuer accelerated vesting and issuance of portions of the awards to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.