Intuit (NASDAQ: INTU) exec adds MSPP RSUs at $345.66 grant price
Rhea-AI Filing Summary
INTUIT INC. executive Tyler Ralph Cozzens received two equity awards on August 14, 2026 under a management stock purchase program. He acquired 207 restricted stock units as an MSPP Purchased Award at a reference price of $345.66 per unit and 207 restricted stock units as an MSPP Matching Award at $0 per unit, each convertible into 1-for-1 shares of common stock. The Purchased Award is fully vested upon grant with settlement upon the earlier of termination of employment or three years from grant date, and the Matching Award vests on August 14, 2029; in each case the units either vest and settle or are canceled.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cozzens Tyler Ralph
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (MSPP Purchased Award) F1, F2, F3 | 207 | $345.66 | $72K |
| Grant/Award | Restricted Stock Units (MSPP Matching Award) F4, F1, F5, F6 | 207 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (MSPP Purchased Award) — 207 shares (Direct);
Restricted Stock Units (MSPP Matching Award) — 207 shares (Direct)
Footnotes (6)
- F1. 1-for-1
- F2. 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.
- F3. Represents settlement date for restricted stock units (MSPP Purchased Award). Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F4. Reporting person was awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation in a management stock purchase program (MSPP).
- F5. Represents vesting date for these restricted stock units.
- F6. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
MSPP Purchased Award RSUs: 207 units
MSPP Purchased Award reference price: $345.66 per unit
MSPP Matching Award RSUs: 207 units
+4 more
7 metrics
MSPP Purchased Award RSUs
207 units
Restricted Stock Units (MSPP Purchased Award) granted August 14, 2026
MSPP Purchased Award reference price
$345.66 per unit
Transaction price per share for MSPP Purchased Award RSUs
MSPP Matching Award RSUs
207 units
Restricted Stock Units (MSPP Matching Award) granted August 14, 2026
MSPP Matching Award price
$0.00 per unit
Transaction price per share for MSPP Matching Award RSUs
Matching Award vesting date
August 14, 2029
Vesting date for MSPP Matching Award restricted stock units
Purchased Award settlement horizon
3 years from grant
Settlement occurs upon earlier of termination or three years from August 14, 2026
Conversion ratio
1-for-1
Each restricted stock unit converts into one share of common stock
Key Terms
Restricted Stock Units, Management Stock Purchase Program, vesting date, settlement date
4 terms
Restricted Stock Units financial
"Restricted stock units do not expire; they either vest or are canceled"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Management Stock Purchase Program financial
"awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation"
vesting date financial
"Represents vesting date for these restricted stock units."
settlement date financial
"Represents settlement date for restricted stock units (MSPP Purchased Award)."
The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.
FAQ
What equity awards did INTU executive Tyler Ralph Cozzens report on this Form 4?
Cozzens reported two restricted stock unit awards on August 14, 2026, each for 207 units tied 1-for-1 to Intuit common stock. One is an MSPP Purchased Award and the other an MSPP Matching Award under a management stock purchase program.
What are the key terms of the MSPP Purchased Award reported by INTU’s Cozzens?
The MSPP Purchased Award comprises 207 restricted stock units at a reference price of $345.66 per unit, fully vested upon grant. Settlement into common stock occurs upon the earlier of employment termination or three years from the August 14, 2026 grant date.
How does the MSPP Matching Award for INTU’s Cozzens vest and settle?
The MSPP Matching Award grants 207 restricted stock units at $0 per unit in connection with voluntary program participation. These units vest on August 14, 2029 and, like similar RSUs, either vest and settle into common stock or are canceled before the vesting date.
What does the 1-for-1 reference mean for Cozzens’s INTU restricted stock units?
The footnote states a 1-for-1 ratio, meaning each restricted stock unit corresponds to one share of Intuit common stock upon settlement. This applies to both the MSPP Purchased Award and the MSPP Matching Award reported in the Form 4.
How many restricted stock units does Cozzens hold after these reported INTU transactions?
After each transaction, Cozzens is shown holding 207 restricted stock units for the MSPP Purchased Award and 207 restricted stock units for the MSPP Matching Award. These positions are reported separately, each tied to Intuit common stock on a 1-for-1 basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.