Intuit EVP receives shares; some withheld for taxes
Intuit Inc. executive Caryl Lyn Hilliard reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Intuit Inc. executive Caryl Lyn Hilliard reported routine equity compensation activity involving restricted stock units. On July 1, 2026, RSU awards covering 470 shares of common stock vested and were converted into shares at a stated value of $261.00 per share.
To cover tax obligations, 208.608 shares of common stock were disposed of through a tax-withholding transaction, which is not an open-market sale. Following these transactions, Hilliard directly held 23,414.307 shares of Intuit common stock. The RSUs carried a 1-for-1 conversion into common shares and either vest or are canceled rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
470 shares exercised/converted
Exercise
9 txns
Insider
Hilliard Caryl Lyn
Role
EVP, People and Places
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 122 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 110 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 88 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 150 | $0.00 | $0.00 |
| Exercise | Common Stock | 122 | $0.00 | $0.00 |
| Exercise | Common Stock | 110 | $0.00 | $0.00 |
| Exercise | Common Stock | 88 | $0.00 | $0.00 |
| Exercise | Common Stock | 150 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 208.608 | $261.00 | $54K |
Holdings After Transaction:
Restricted Stock Units — 2,940 contracts (Direct);
Common Stock — 23,414.307 shares (Direct)
Footnotes (4)
- 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 vesting date for this tranche of restricted stock units.
- F4. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSU shares vested: 470 shares
Shares withheld for taxes: 208.608 shares
Per-share value: $261.00 per share
+2 more
5 metrics
RSU shares vested
470 shares
Restricted stock units converting into common stock on July 1, 2026
Shares withheld for taxes
208.608 shares
Tax-withholding disposition at $261.00 per share
Per-share value
<money>$261.00</money> per share
Fair market value used for tax-withholding transaction
Direct holdings after transactions
23,414.307 shares
Common stock directly held after July 1, 2026 Form 4 events
RSU conversion ratio
1-for-1
Each restricted stock unit converts into one common share
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, fair market value, +1 more
5 terms
Restricted stock units financial
"Represents vesting date for this tranche of restricted stock units."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
1-for-1 financial
"1-for-1"
FAQ
What did Intuit (INTU) executive Caryl Lyn Hilliard report in this Form 4?
Caryl Lyn Hilliard reported routine equity compensation activity as restricted stock units vested into common stock. She received 470 shares from RSUs and had 208.608 shares withheld to cover tax obligations, leaving her with 23,414.307 directly held Intuit shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
