Intuit (INTU) EVP, General Counsel reports RSU conversions and stock sale
Rhea-AI Filing Summary
Intuit Inc.'s Executive Vice President, General Counsel and Corporate Secretary reported equity transactions dated 12/11/2025. The filing shows multiple conversions of restricted stock units into common stock at an exercise price of $0, adding small blocks of shares, and one disposition of 244 shares of common stock at $662.43 per share. After these transactions, the executive directly owns 27,861.3826 shares of Intuit common stock.
The filing also describes performance-based restricted stock unit awards that vest upon achievement of total shareholder return objectives, with target units scheduled to vest on 9/1/2026, 9/1/2027 and 9/1/2028. Portions of these awards were accelerated to accommodate forfeiture of shares related to employment tax withholding obligations arising in connection with retirement eligibility.
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FAQ
What insider stock transactions did Intuit (INTU) report on 12/11/2025?
The executive reported several conversions of restricted stock units into Intuit common stock at an exercise price of $0, and one disposition of 244 shares of common stock at $662.43 per share.
How many Intuit (INTU) shares does the reporting executive own after these transactions?
Following the reported transactions on 12/11/2025, the executive directly owns 27,861.3826 shares of Intuit common stock.
What types of restricted stock units are mentioned in this Intuit (INTU) insider filing?
The filing lists performance-based restricted stock units tied to total shareholder return objectives and MSPP Matching Unit restricted stock units, each deliverable into Intuit common stock on a 1-for-1 basis.
When are the performance-based restricted stock units for Intuit (INTU) scheduled to vest?
According to the filing, performance-based restricted stock units are scheduled to vest on 9/1/2026, 9/1/2027, and 9/1/2028, following achievement of specified total shareholder return objectives.
Why were some Intuit (INTU) restricted stock units accelerated in this report?
The issuer accelerated vesting and issuance of portions of the awards to accommodate forfeiture of shares related to employment tax withholding obligations arising in connection with the reporting person's retirement eligibility.
What does the $662.43 price represent in the Intuit (INTU) insider transaction?
The filing notes that $662.43 represents the fair market value of Intuit common stock on the trading day immediately preceding the reported transaction date.