Intuit Inc. (INTU) awards time- and performance-based RSUs to EVP
Rhea-AI Filing Summary
Hanebrink Anton reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. executive Anton Hanebrink, EVP of Corporate Strategy and Development, reported two equity awards. On July 23, 2026 he received 17,209 time-based restricted stock units and 14,295 performance-based RSUs, each convertible 1-for-1 into common stock, with quarterly and performance vesting and cash-settled dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hanebrink Anton
Role
EVP, Corp Strategy and Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3, F4 | 17,209 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units (performance-based vesting) F1, F2, F5, F6, F4 | 14,295 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 17,209 shares (Direct);
Restricted Stock Units (performance-based vesting) — 14,295 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: 17,209 units
Performance-based RSUs granted (target): 14,295 units
Performance vesting range: 0-200% of target units
+3 more
6 metrics
Time-based RSUs granted
17,209 units
Restricted Stock Units granted on July 23, 2026 with time-based vesting beginning July 1, 2027.
Performance-based RSUs granted (target)
14,295 units
Target number of units for performance-based RSU award granted on July 23, 2026.
Performance vesting range
0-200% of target units
Actual number of performance-based RSUs that vest may be 0-200% of 14,295 units.
First vesting date for time-based RSUs
July 1, 2027
25% of the 17,209 time-based RSUs vest on July 1, 2027.
Performance RSU vesting date
9/1/2029
Vested performance-based RSUs are scheduled to vest on 9/1/2029 after TSR objectives are met.
RSU share conversion ratio
1-for-1
Each vested RSU converts into one share of Intuit Inc. common stock.
Key Terms
Restricted Stock Units, performance-based vesting, dividend equivalent rights, total shareholder return
4 terms
Restricted Stock Units financial
"Security title listed as Restricted Stock Units representing common stock."
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.
performance-based vesting financial
"Restricted Stock Units (performance-based vesting) are tied to performance goals."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did INTU grant to EVP Anton Hanebrink on July 23, 2026?
INTUIT granted EVP Anton Hanebrink two equity awards: 17,209 time-based restricted stock units and 14,295 performance-based RSUs. Both awards are denominated in units that convert 1-for-1 into Intuit common stock upon vesting, subject to their respective vesting conditions.
How do the time-based restricted stock units for INTU executive Hanebrink vest?
The time-based RSUs for 17,209 units vest over time. 25% vest on July 1, 2027, then 6.25% vest on each October 1, December 31, April 1 and July 1 thereafter until the award is fully vested, assuming continued service through those dates.
How are the performance-based RSUs for INTU's Anton Hanebrink structured?
The performance-based award targets 14,295 RSUs, but the actual vesting can range from 0–200% of that number. Vesting depends on achieving specified total shareholder return objectives, with any earned units vesting on 9/1/2029 and settling in an equal number of Intuit common shares.
What is the conversion ratio of Hanebrink's RSUs into INTU common stock?
Both RSU awards convert into Intuit stock on a 1-for-1 basis. Each vested restricted stock unit, whether time-based or performance-based, is paid out in one share of Intuit Inc. common stock, according to the footnote specifying the conversion ratio.
Do Hanebrink's INTU RSU awards include dividend equivalent rights?
Yes. Both RSU awards accrue dividend equivalent rights on the underlying shares. These dividend equivalents do not pay in stock; they are settled in cash when the corresponding restricted stock units vest and the underlying Intuit common shares are issued.
Can Hanebrink's performance-based INTU RSUs be forfeited or increased?
Yes. The number of performance-based RSUs that ultimately vest may be between 0% and 200% of the 14,295 target units. The final payout depends on Intuit’s achievement of specified total shareholder return objectives by the vesting date of 9/1/2029.