Intuit (INTU) CEO discloses performance RSU vesting and tax withholding
Rhea-AI Filing Summary
Intuit Inc.’s CEO, President and Director reported equity award activity involving company stock. On 12/11/2025, performance-based restricted stock units converted into 375, 400 and 132 shares of common stock at an exercise price of $0, all held indirectly through the Goodarzi Rev Trust. After these acquisitions and related tax withholding, the trust held 52,544.676 shares.
To address employment tax withholding arising from retirement eligibility and accelerated vesting, 907 shares were withheld at a fair market value of $662.43 per share. The remaining performance-based restricted stock unit awards, which convert 1-for-1 into common stock and may vest between 0% and 200% of their target amounts based on total shareholder return objectives, are scheduled to vest on 9/1/2026, 9/1/2027 and 9/1/2028, with 24,570, 26,336 and 21,159 target units outstanding on each respective grant.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) | 375 | $0.00 | -- |
| Exercise | Restricted Stock Units (performance-based vesting) | 400 | $0.00 | -- |
| Exercise | Restricted Stock Units (performance-based vesting) | 132 | $0.00 | -- |
| Exercise | Common Stock | 375 | $0.00 | -- |
| Exercise | Common Stock | 400 | $0.00 | -- |
| Exercise | Common Stock | 132 | $0.00 | -- |
| Tax Withholding | Common Stock | 907 | $662.43 | $601K |
Footnotes (1)
- Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2026. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Represents target number of units subject to the award; the number that vest may be 0% - 200% of this number, depending upon performance. Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2027. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility. Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2028. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.
FAQ
What insider stock transactions did Intuit's CEO report on December 11, 2025?
On 12/11/2025, performance-based RSUs converted into Intuit common stock. Awards settled into 375, 400 and 132 shares at an exercise price of $0, and 907 shares were withheld to cover employment tax obligations.
What are the key terms of the performance-based RSUs reported by Intuit (INTU)?
The restricted stock units are performance-based and convert 1-for-1 into common shares. Vesting depends on total shareholder return objectives, and the number of units that vest may range from 0% to 200% of the target amount.
When do the remaining RSUs for Intuit's CEO vest, subject to performance?
The remaining performance-based RSUs are tied to future vesting dates. Subject to achieving total shareholder return objectives, awards are scheduled to vest on 9/1/2026, 9/1/2027 and 9/1/2028.
How many performance-based RSUs remain outstanding for the reporting person at Intuit?
Target RSU amounts remain outstanding across three performance-based awards. After the reported conversions, 24,570, 26,336 and 21,159 target units remain subject to performance and future vesting.
What is the reporting person's role and relationship to Intuit (INTU)?
The reporting person is a major insider at Intuit. They are identified as a Director and Officer, serving as CEO, President and Director, and file as a single reporting person.