Intuit CFO exercises RSUs and withholds shares
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Form Type
4
Rhea-AI Filing Summary
INTUIT INC. EVP and CFO Sandeep Aujla reported equity transactions tied to a management stock purchase program on 2026-08-11. He exercised or settled 120 restricted stock units from an MSPP Purchased Award and 120 restricted stock units from an MSPP Matching Award, each on a 1-for-1 basis into common stock, eliminating his remaining position in these RSUs. In connection with these events, he acquired 240 shares of common stock and 120.42 shares of common stock were delivered or withheld at $334.43 per share for payment of exercise price or tax liability.
Insider Trade Summary
240 shares exercised/converted
Exercise
5 txns
Insider
Aujla Sandeep
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (MSPP Purchased Award) F2, F3, F4 | 120 | $497.77 | $60K |
| Exercise | Restricted Stock Units (MSPP Matching Award) F5, F2, F6, F7 | 120 | $0.00 | $0.00 |
| Exercise | Common Stock | 120 | $0.00 | $0.00 |
| Exercise | Common Stock | 120 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 120.42 | $334.43 | $40K |
Holdings After Transaction:
Restricted Stock Units (MSPP Purchased Award) — 0 contracts (Direct);
Restricted Stock Units (MSPP Matching Award) — 0 contracts (Direct);
Common Stock — 3,231.7836 shares (Direct)
Footnotes (7)
- F1. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
- F2. 1-for-1
- F3. 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.
- F4. Represents settlement date for the restricted stock units (MSPP Purchased Award). Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F5. Reporting person was awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation in a management stock purchase program (MSPP).
- F6. Represents vesting and settlement date for restricted stock units (MSPP Matching Award).
- F7. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
MSPP Purchased Award RSUs exercised: 120 units
MSPP Matching Award RSUs settled: 120 units
Common shares acquired via settlement: 240 shares
+3 more
6 metrics
MSPP Purchased Award RSUs exercised
120 units
Restricted Stock Units (MSPP Purchased Award) converted 1-for-1 into common stock on 2026-08-11
MSPP Matching Award RSUs settled
120 units
Restricted Stock Units (MSPP Matching Award) vested and settled 1-for-1 into common stock on 2026-08-11
Common shares acquired via settlement
240 shares
Common stock received from conversion of two RSU awards on 2026-08-11
Shares delivered/withheld for tax or exercise
120.4200 shares
Common stock delivered or withheld for exercise price or tax liability at settlement
RSU transaction price (Purchased Award)
$497.7700 per unit
Price per unit for Restricted Stock Units (MSPP Purchased Award) on 2026-08-11
Fair market value for tax/exercise
$334.4300 per share
Fair market value used for shares delivered or withheld for exercise price or tax liability
Key Terms
Restricted Stock Units, management stock purchase program (MSPP), Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities
4 terms
Restricted Stock Units financial
"Restricted stock units do not expire; they either vest or are canceled prior to vesting date."
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 (MSPP) financial
"Awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation."
Exercise or conversion of derivative security financial
"Transaction code M described as Exercise or conversion of derivative security."
Payment of exercise price or tax liability by delivering or withholding securities financial
"Transaction code F described as Payment of exercise price or tax liability by delivering or withholding securities."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did INTU EVP and CFO Sandeep Aujla report on this Form 4?
Sandeep Aujla reported exercises and settlements of two RSU awards totaling 240 units into common stock, plus a related disposition of 120.42 shares to cover exercise price or tax liability.
How many Intuit (INTU) restricted stock units did Sandeep Aujla exercise or settle?
He exercised or settled 120 RSUs from an MSPP Purchased Award and 120 RSUs from an MSPP Matching Award, each converting on a 1-for-1 basis into Intuit common stock.
What prices are disclosed in Sandeep Aujla’s Intuit (INTU) Form 4 transactions?
The MSPP Purchased Award RSUs reflect a transaction price of $497.77 per unit, and the shares delivered or withheld for exercise price or tax liability used a fair market value of $334.43 per share.
Were any Intuit (INTU) RSUs left outstanding after these transactions?
For both the MSPP Purchased Award and the MSPP Matching Award, the reported RSU positions show 0 units remaining following the settlements, indicating these specific awards were fully settled.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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