Intuit (INTU) EVP granted 528 RSUs through MSPP awards
Rhea-AI Filing Summary
INTUIT INC. executive Caryl Lyn Hilliard, EVP, People and Places, reported two compensation-related acquisitions of restricted stock units under a management stock purchase program (MSPP). On 2026-08-14, she received 264 fully vested MSPP Purchased Award RSUs, settling upon the earlier of employment termination or three years from grant, and 264 MSPP Matching Award RSUs granted in connection with voluntary MSPP participation, which vest on 2029-08-14. Each RSU corresponds 1-for-1 to a share of Intuit common stock and does not expire but will either vest or be canceled before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hilliard Caryl Lyn
Role
EVP, People and Places
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (MSPP Purchased Award) F1, F2, F3 | 264 | $345.66 | $91K |
| Grant/Award | Restricted Stock Units (MSPP Matching Award) F4, F1, F5, F6 | 264 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (MSPP Purchased Award) — 264 shares (Direct);
Restricted Stock Units (MSPP Matching Award) — 264 shares (Direct)
Footnotes (6)
- F1. 1-for-1
- F2. Restricted stock units (MSPP Purchased Award) are fully vested upon grant; however, settlement occurs upon the earlier of termination of employment or three years from grant date.
- F3. Represents settlement date for restricted stock units (MSPP Purchased Award). Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F4. Reporting person was awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation in a management stock purchase program (MSPP).
- F5. Represents vesting date for these restricted stock units.
- F6. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
MSPP Purchased Award RSUs granted: 264 units
MSPP Purchased Award reference price: $345.66 per unit
MSPP Matching Award RSUs granted: 264 units
+5 more
8 metrics
MSPP Purchased Award RSUs granted
264 units
Restricted Stock Units (MSPP Purchased Award) granted on 2026-08-14
MSPP Purchased Award reference price
$345.66 per unit
Transaction price per share for MSPP Purchased Award RSUs
MSPP Matching Award RSUs granted
264 units
Restricted Stock Units (MSPP Matching Award) granted on 2026-08-14
MSPP Matching Award transaction price
$0.00 per unit
Transaction price per share for MSPP Matching Award RSUs
Grant date
2026-08-14
Grant date for both MSPP Purchased and Matching Award RSUs
Matching Award vesting date
2029-08-14
Vesting date for MSPP Matching Award restricted stock units
Purchased Award settlement period
3 years
Settlement occurs upon earlier of termination of employment or three years from grant date
Total RSUs reported
528 units
Sum of 264 MSPP Purchased Award and 264 MSPP Matching Award RSUs
Key Terms
Restricted stock units, management stock purchase program, vesting date, settlement date, +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.
management stock purchase program financial
"participation in a management stock purchase program (MSPP)"
vesting date financial
"Represents vesting date for these restricted stock units"
settlement date financial
"Represents settlement date for restricted stock units (MSPP Purchased Award)"
The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did INTU executive Caryl Lyn Hilliard report in this Form 4 filing?
Caryl Lyn Hilliard reported two acquisitions of restricted stock units under Intuit’s management stock purchase program, totaling 528 RSUs (264 MSPP Purchased Award RSUs and 264 MSPP Matching Award RSUs) granted on 2026-08-14 as part of her compensation.
How many restricted stock units did Caryl Lyn Hilliard acquire in the INTU MSPP Purchased Award?
She acquired 264 restricted stock units as an MSPP Purchased Award. These RSUs are fully vested upon grant but will be settled in shares upon the earlier of her employment termination or three years from the 2026-08-14 grant date.
What are the terms of the MSPP Matching Award RSUs reported by INTU’s EVP?
The EVP received 264 MSPP Matching Award RSUs on 2026-08-14 in connection with voluntary participation in a management stock purchase program. These RSUs vest on 2029-08-14 and will either vest or be canceled prior to that vesting date.
What prices are associated with the RSUs in Caryl Lyn Hilliard’s INTU Form 4?
The MSPP Purchased Award RSUs reflect a reference price of $345.66 per unit, while the MSPP Matching Award RSUs are shown with a $0.00 per-unit transaction price, indicating they were granted as a matching incentive rather than purchased in the market.
Are the transactions in this INTU Form 4 under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not selected, so these RSU grants are not reported as transactions under a Rule 10b5-1 trading plan, but rather as compensation-related awards tied to the MSPP.
AI-generated analysis. How Rhea-AI works. Not financial advice.