Intuit Inc. (INTU) grants CFO time- and performance-based RSUs
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
2 transactions reported
Mixed
2 txns
Insider
Aujla Sandeep
Role
EVP and CFO
| 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 |
Holdings After Transaction:
Restricted Stock Units — 32,606 shares (Direct);
Restricted Stock Units (performance-based vesting) — 27,086 shares (Direct)
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
Time-based RSUs granted: 32606 restricted stock units
Performance-based RSUs granted (target): 27086 restricted stock units
Initial vesting tranche: 25%
+4 more
7 metrics
Time-based RSUs granted
32606 restricted stock units
Grant to EVP and CFO on 2026-07-23
Performance-based RSUs granted (target)
27086 restricted stock units
Performance-based award to EVP and CFO on 2026-07-23
Initial vesting tranche
25%
Portion of time-based RSUs vesting on July 1, 2027
Ongoing vesting rate
6.25%
Time-based RSUs vest each October 1, December 31, April 1 and July 1
Performance payout range
0-200%
Range of target performance-based RSUs that may vest
Performance RSU vesting date
9/1/2029
Date on which earned performance-based units vest
RSU conversion ratio
1-for-1
Each restricted stock unit equals one share of common stock
Key Terms
Restricted Stock Units, dividend equivalent rights, performance-based vesting, total shareholder return objectives, +1 more
5 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.
dividend equivalent rights financial
"Dividend equivalent rights accrue on the underlying shares for this award"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
performance-based vesting financial
"Represents vesting date for restricted stock units (performance-based vesting)."
awarded units financial
"The number that vest may be 0-200% of this number ("awarded units")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Intuit (INTU) CFO Sandeep Aujla report receiving?
Sandeep Aujla reported receiving 32,606 time-based restricted stock units and 27,086 performance-based restricted stock units, each convertible 1-for-1 into Intuit common stock. These awards are compensation grants rather than open-market share purchases or sales.
How do the time-based RSUs for Intuit (INTU) CFO vest?
For the time-based award, 25% of the restricted stock units vest on July 1, 2027. After that, 6.25% vest on each October 1, December 31, April 1 and July 1 until the award is fully vested, assuming continued service.
What are the performance conditions on the Intuit (INTU) CFO’s RSUs?
The performance-based award’s table shows a target of 27,086 units, but 0-200% of this number may vest. Vesting depends on Intuit achieving specified total shareholder return objectives, with any earned units vesting on 9/1/2029 and paid in common stock.
Do the Intuit (INTU) CFO’s RSUs include dividend equivalent rights?
Yes. Footnotes state that dividend equivalent rights accrue on the underlying shares for these awards. Those rights settle in cash when the restricted stock units vest and the related Intuit common shares are issued, rather than being paid in additional shares.
Can the reported Intuit (INTU) restricted stock units expire?
The filing notes that restricted stock units do not expire. Instead, they either vest or are canceled before the vesting date. If vesting conditions, including service or performance requirements, are not met, the applicable unvested units are forfeited.