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Intuit Insider Grant: 8.6k Options, 2.7k RSUs, 5.2k Perf-RSUs Disclosed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 discloses that Kerry J. McLean, EVP, General Counsel & Corporate Secretary of Intuit (INTU), received new equity awards on 07/24/2025. The package includes:

  • 8,633 non-qualified stock options with a strike price of $781.21, expiring 07/23/2032. 25 % vests 07/24/2026; the remainder vests monthly until fully vested after four years.
  • 2,721 time-based RSUs that begin vesting 12/31/2025 (12.5 %) and then 6.25 % quarterly until fully vested.
  • 5,231 performance-based RSUs (target) that can vest at 0-200 % of target depending on TSR goals; any earned units vest 09/01/2028.

All awards are held directly. Following the transactions, McLean now holds the same amounts shown above, indicating these are new grants rather than exercises or sales. No non-derivative share movements were reported.

The filing signals routine executive compensation intended to align incentives with long-term shareholder value; direct financial impact to Intuit is minimal and dilution potential (~16.6 k shares) is immaterial relative to the company’s >280 m shares outstanding.

Positive

  • Performance-based RSUs link 50 %+ of equity value to total shareholder return, encouraging long-term value creation.

Negative

  • Equity issuance adds ~16.6 k potential new shares, introducing minor dilution for existing shareholders.

Insights

TL;DR: Routine option & RSU grants; modest dilution, incentive alignment, limited share-price impact.

The grant follows Intuit’s historical cadence and size for senior executives. The strike price (~$781) sits near recent market levels, offering upside leverage only if management drives growth above current expectations. Performance RSUs tied to total shareholder return introduce a hurdle, reinforcing shareholder alignment. With merely ~0.006 % potential dilution, markets are unlikely to react. Overall, the filing is administratively important but not financially material.

Insider McLean Kerry J
Role EVP, Gen. Counsel & Corp. Sec.
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Options (right to buy) 8,633 $0.00 $0.00
Grant/Award Restricted Stock Units 2,721 $0.00 $0.00
Grant/Award Restricted Stock Units (performance-based vesting) 5,231 $0.00 $0.00
Holdings After Transaction: Non-Qualified Stock Options (right to buy) — 8,633 shares (Direct); Restricted Stock Units — 2,721 shares (Direct); Restricted Stock Units (performance-based vesting) — 5,231 shares (Direct)
Footnotes (7)
  1. F1. 25% of the stock options granted will vest on 7/24/2026 and thereafter 2 1/12% of the stock options will vest on each monthly anniversary such that the grant is fully vested on the 4th anniversary of the grant date.
  2. F2. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
  3. F3. 1-for-1
  4. F4. 12.5% of the restricted stock units will vest on 12/31/2025; thereafter 6.25% of the restricted stock units will vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
  5. F5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
  6. F6. 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 9/1/2028. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
  7. F7. Represents vesting date for restricted stock units (performance-based vesting).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What equity awards did INTU grant to Kerry McLean?
8,633 stock options at $781.21, 2,721 time-based RSUs, and 5,231 performance RSUs.

When do the new INTU stock options start vesting?
25 % vest on 07/24/2026; the balance vests monthly until 07/24/2029.

What metrics govern the performance-based RSUs for INTU?
Vesting depends on Intuit’s total shareholder return; payout can range from 0-200 % of the 5,231-unit target.

How much dilution could result from these grants?
If fully earned and exercised, about 16,585 shares (~0.006 % of common outstanding) would be issued.

Do the RSUs have an expiration date?
Time-based RSUs do not expire; performance RSUs vest—or forfeit—by 09/01/2028.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
McLean Kerry J
(Last) (First) (Middle)
C/O INTUIT INC.
2700 COAST AVENUE
(Street)
MOUNTAIN VIEW CA 94043
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Gen. Counsel & Corp. Sec.
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Options (right to buy) $781.21 07/24/2025 A 8,633 (1) 07/23/2032 Common Stock 8,633 $0 8,633 D
Restricted Stock Units(2) (3) 07/24/2025 A 2,721 (4) (5) Common Stock 2,721 $0 2,721 D
Restricted Stock Units (performance-based vesting)(2) (3) 07/24/2025 A 5,231(6) 09/01/2028(7) (5) Common Stock 5,231 $0 5,231 D
Explanation of Responses:
1. 25% of the stock options granted will vest on 7/24/2026 and thereafter 2 1/12% of the stock options will vest on each monthly anniversary such that the grant is fully vested on the 4th anniversary of the grant date.
2. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
3. 1-for-1
4. 12.5% of the restricted stock units will vest on 12/31/2025; thereafter 6.25% of the restricted stock units will vest on each April 1, July 1, October 1, and December 31, until the award is fully vested.
5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
6. 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 9/1/2028. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
7. Represents vesting date for restricted stock units (performance-based vesting).
Remarks:
/s/ Erick Rivero, by power-of-attorney 07/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR