Intuit CFO granted new restricted stock units
Aujla Sandeep reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Aujla Sandeep reported acquisition or exercise transactions in this Form 4 filing.
Sandeep Aujla, EVP and CFO of Intuit Inc., received equity awards of 32,606 time-based restricted stock units and 27,086 performance-based restricted stock units, each on a 1-for-1 basis into common stock. Time-based units vest from July 1, 2027 on a quarterly schedule, while performance units may vest at 0-200% of target based on total shareholder return, with any earned units vesting on 9/1/2029. Dividend equivalent rights accrue in cash upon vesting of the underlying shares, and restricted stock units either vest or are canceled before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3, F4 | 32,606 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units (performance-based vesting) F1, F2, F5, F6, F4 | 27,086 | $0.00 | $0.00 |
Footnotes (6)
- F1. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
- F2. 1-for-1
- F3. 25% of the restricted stock units will vest on July 1, 2027; thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1 and July 1, until the award is fully vested.
- F4. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F5. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2029. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
- F6. Represents vesting date for restricted stock units (performance-based vesting).
Key Figures
Key Terms
Restricted Stock Units financial
dividend equivalent rights financial
performance-based vesting financial
awarded units financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Intuit (INTU) CFO Sandeep Aujla report receiving?
How do the time-based RSUs for Intuit (INTU) CFO vest?
What are the performance conditions on the Intuit (INTU) CFO’s RSUs?
Do the Intuit (INTU) CFO’s RSUs include dividend equivalent rights?
Can the reported Intuit (INTU) restricted stock units expire?
AI-generated analysis. How Rhea-AI works. Not financial advice.