Intuit CAO exercises 2,019 RSUs, withholds shares
Intuit’s chief accounting officer settled performance-based RSUs into common stock, with a portion of shares withheld or delivered to cover exercise price or tax obligations.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
INTUIT INC. (INTU) reported that Lauren D. Hotz, its SVP and Chief Accounting Officer, exercised 2,019 performance-based restricted stock units into an equal number of common shares on September 1, 2026. In a related transaction, 1,063.005 common shares were delivered or withheld at $359.30 per share for payment of exercise price or tax liability, leaving no units remaining from the reported RSU award. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
2,019 shares exercised/converted
Exercise
3 txns
Insider
Hotz Lauren D
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) F2, F3, F4, F5 | 2,019 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,019 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 1,063.005 | $359.30 | $382K |
Holdings After Transaction:
Restricted Stock Units (performance-based vesting) — 0 contracts (Direct);
Common Stock — 2,583.9942 shares (Direct)
Footnotes (5)
- F1. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
- F2. 1-for-1
- F3. Represents the outstanding awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant dated 7/27/2023 related to achievement of certain total shareholder return objectives.
- F4. Represents release date for vested restricted stock units (performance-based vesting) granted on 7/27/2023.
- F5. Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs exercised: 2,019 units
Common shares acquired from RSU exercise: 2,019 shares
Shares delivered or withheld: 1,063.005 shares
+3 more
6 metrics
RSUs exercised
2,019 units
Performance-based restricted stock units converted into common stock on September 1, 2026
Common shares acquired from RSU exercise
2,019 shares
Shares of Intuit common stock issued upon RSU settlement
Shares delivered or withheld
1,063.005 shares
Common shares delivered or withheld for payment of exercise price or tax liability
Settlement price per share
$359.30 per share
Fair market value of Intuit common stock on the trading day immediately preceding the transaction
RSU grant date
July 27, 2023
Grant date of performance-based restricted stock units tied to total shareholder return objectives
RSU release date
September 1, 2026
Release date for vested performance-based restricted stock units
Key Terms
Restricted Stock Units (performance-based vesting), total shareholder return, Payment of exercise price or tax liability by delivering or withholding securities, fair market value
4 terms
Restricted Stock Units (performance-based vesting) financial
"Restricted stock units (performance-based vesting) do not expire; they either vest"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
fair market value financial
"Fair market value of Intuit Inc. common stock on the trading day"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Intuit (INTU) insider Lauren D. Hotz report on this Form 4?
Lauren D. Hotz, Intuit’s SVP and Chief Accounting Officer, reported exercising 2,019 performance-based RSUs into common stock on September 1, 2026, with a portion of those shares delivered or withheld to cover exercise price or tax liability.
How many Intuit (INTU) restricted stock units vested and were exercised?
A total of 2,019 restricted stock units with performance-based vesting were exercised into 2,019 shares of Intuit common stock on September 1, 2026. These RSUs were granted on July 27, 2023 and tied to total shareholder return objectives.
Were the Intuit (INTU) RSUs subject to performance conditions?
Yes. The reported restricted stock units were described as having performance-based vesting, granted on July 27, 2023 and linked to achievement of certain total shareholder return objectives. The units vested and were released on September 1, 2026.
Was a Rule 10b5-1 trading plan used for this Intuit (INTU) transaction?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating the transactions were made under a Rule 10b5-1 trading plan. The filing does not describe these as pre-arranged plan trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
