Intuit CFO reports vesting of 7,215 RSUs
Intuit’s CFO reported vesting of performance-based RSUs into common stock, with a portion withheld to cover obligations.
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Form Type
4
Rhea-AI Filing Summary
INTUIT INC. (INTU) executive vice president and chief financial officer Sandeep Aujla reported the vesting and 1-for-1 conversion of 7,215 performance-based restricted stock units into common stock on September 1, 2026, from an award granted July 27, 2023 tied to total shareholder return objectives. On the same date, 3,704.904 shares of common stock were delivered or withheld at $359.30 per share for payment of exercise price or tax liability. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
7,215 shares exercised/converted
Exercise
3 txns
Insider
Aujla Sandeep
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) F2, F3, F4, F5 | 7,215 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,215 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 3,704.904 | $359.30 | $1.33M |
Holdings After Transaction:
Restricted Stock Units (performance-based vesting) — 0 contracts (Direct);
Common Stock — 6,741.8796 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
Performance-based RSUs converted: 7,215 units
Common shares acquired from RSU conversion: 7,215 shares
Shares delivered or withheld: 3,704.904 shares
+4 more
7 metrics
Performance-based RSUs converted
7,215 units
Restricted stock units converted into common stock on September 1, 2026
Common shares acquired from RSU conversion
7,215 shares
Shares of Intuit common stock received upon RSU vesting and conversion
Shares delivered or withheld
3,704.904 shares
Common stock delivered or withheld for payment of exercise price or tax liability
Share value used for withholding
$359.30 per share
Fair market value on the trading day immediately preceding September 1, 2026
RSU conversion ratio
1-for-1
Each performance-based restricted stock unit represented one share of common stock
RSU grant date
July 27, 2023
Grant date for performance-based RSUs tied to total shareholder return objectives
Transaction date
September 1, 2026
Date of RSU vesting, conversion, and withholding transaction
Key Terms
Restricted Stock Units (performance-based vesting), total shareholder return, fair market value, Rule 10b5-1 trading plan
4 terms
Restricted Stock Units (performance-based vesting) financial
"Represents the outstanding awarded and vested units pursuant to the restricted stock units (performance-based vesting)"
fair market value financial
"Fair market value of Intuit Inc. common stock on the trading day immediately preceding"
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.
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INTU’s CFO Sandeep Aujla report on September 1, 2026?
Sandeep Aujla reported the vesting and 1-for-1 conversion of 7,215 performance-based restricted stock units into Intuit common stock on September 1, 2026, from a grant dated July 27, 2023 tied to total shareholder return objectives.
What was the conversion ratio for the Intuit performance-based RSUs reported by INTU’s CFO?
The performance-based restricted stock units converted into Intuit common stock on a 1-for-1 basis, meaning each vested unit represented one share of common stock upon release.
Were the September 1, 2026 INTU insider transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is associated with these transactions; the document-level checkbox for such a plan is not selected.
What performance condition was tied to the INTU RSUs that vested for the CFO?
The vested restricted stock units reported by INTU’s CFO were performance-based and related to the achievement of certain total shareholder return objectives under a grant dated July 27, 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
