Intuit EVP settles 5,247 performance RSUs
Intuit EVP Anton Hanebrink settled performance-based RSUs into common stock, with a portion of shares withheld at fair market value to cover exercise price or tax obligations.
Rhea-AI Filing Summary
INTUIT INC. (INTU) executive Anton Hanebrink, EVP, Corp Strategy and Dev, reported the September 1, 2026 vesting and settlement of 5,247 performance-based restricted stock units, which converted 1-for-1 into common stock under a July 27, 2023 award tied to total shareholder return objectives.
Of the common shares received, 2,720.571 shares were delivered or withheld to pay the exercise price or tax liability at a price of $359.30 per share, equal to the fair market value on the prior trading day; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) F2, F3, F4, F5 | 5,247 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,247 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 2,720.571 | $359.30 | $978K |
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
Key Terms
Restricted Stock Units (performance-based vesting) financial
fair market value financial
Payment of exercise price or tax liability by delivering or withholding securities financial
FAQ
What insider equity transaction did INTU executive Anton Hanebrink report?
Were the INTU restricted stock units subject to performance conditions?
Do the reported performance-based RSUs for INTU have an expiration date?
Was a Rule 10b5-1 trading plan involved in this INTU Form 4 transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.