Intuit Inc. (INTU) CEO granted 69,434 options and RSUs
Rhea-AI Filing Summary
Intuit Inc. granted equity awards to Chairman and CEO Sasan K. Goodarzi. On 2026-07-23 he received 69,434 non-qualified stock options with a $281.53 exercise price vesting over four years, 31,338 time-based RSUs vesting from December 31, 2026, and 52,064 target performance-based RSUs that may vest at 0–200% of target based on total shareholder return by 9/1/2029. RSU awards carry dividend equivalent rights settled in cash and are subject to a one-year deferred issuance of Intuit common shares after vesting.
Positive
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Goodarzi Sasan K
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Options (right to buy) F1 | 69,434 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F2, F3, F4, F5 | 31,338 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units (performance-based vesting) F2, F3, F6, F7, F5 | 52,064 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Options (right to buy) — 69,434 shares (Direct);
Restricted Stock Units — 31,338 shares (Direct);
Restricted Stock Units (performance-based vesting) — 52,064 shares (Direct)
Footnotes (7)
- F1. 25% of the stock options granted will vest on July 23, 2027; 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.
- F2. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
- F3. 1-for-1
- F4. 12.5% of the restricted stock units will vest on December 31, 2026; 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. These securities are subject to a one year deferred issuance after vesting.
- F5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- 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 9/1/2029. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. These securities are subject to a one year deferred issuance after vesting.
- F7. Represents vesting date for restricted stock units (performance-based vesting). These securities are subject to a one year deferred issuance after vesting.
Key Figures
Stock options granted: 69,434 shares
Option exercise price: $281.53 per share
Option expiration: 2033-07-22
+5 more
8 metrics
Stock options granted
69,434 shares
Non-qualified stock options granted 2026-07-23 to Sasan K. Goodarzi
Option exercise price
$281.53 per share
Exercise price for 69,434 non-qualified stock options
Option expiration
2033-07-22
Expiration date of non-qualified stock options grant
Time-based RSUs granted
31,338 units
Restricted Stock Units granted 2026-07-23, vesting from December 31, 2026
Performance RSUs target
52,064 units
Target number of performance-based RSUs granted 2026-07-23
Performance payout range
0–200% of target
Possible vesting range for performance-based RSUs based on total shareholder return
Initial RSU vesting
12.5%
Portion of time-based RSUs vesting on December 31, 2026
Subsequent RSU vesting
6.25%
Portion of time-based RSUs vesting each quarter thereafter until fully vested
Key Terms
Non-Qualified Stock Options, Restricted Stock Units, performance-based vesting, dividend equivalent rights, +1 more
5 terms
Non-Qualified Stock Options financial
"Security title "Non-Qualified Stock Options (right to buy)" for the option grant"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
Restricted Stock Units financial
"Security title "Restricted Stock Units" for the 31,338-unit equity award"
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
"Security title "Restricted Stock Units (performance-based vesting)" for 52,064 units"
dividend equivalent rights financial
"Footnote states "Dividend equivalent rights accrue on the underlying shares""
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 Intuit (INTU) grant to CEO Sasan Goodarzi?
Intuit granted CEO Sasan Goodarzi 69,434 non-qualified stock options at a $281.53 exercise price, plus 31,338 time-based RSUs and 52,064 target performance-based RSUs. All awards are tied to Intuit common stock and were granted on July 23, 2026.
What are the terms of Sasan Goodarzi’s 69,434 Intuit (INTU) stock options?
Goodarzi’s option grant covers 69,434 shares of Intuit common stock at a $281.53 exercise price. 25% vest on July 23, 2027, then 2 1/12% vest monthly until fully vested on the fourth anniversary; the options expire on July 22, 2033.
How do Intuit (INTU) time-based RSUs for Sasan Goodarzi vest?
The 31,338 time-based RSUs vest 12.5% on December 31, 2026, then 6.25% on each April 1, July 1, October 1 and December 31 until fully vested. Vested RSUs are subject to a one-year deferred issuance of Intuit common shares.
How are Sasan Goodarzi’s Intuit (INTU) performance-based RSUs structured?
The performance award targets 52,064 RSUs, with actual vesting between 0–200% of target based on total shareholder return. Following achievement of those objectives, the awarded units vest on 9/1/2029 and are paid in an equal number of Intuit common shares, with a one-year issuance deferral.
Do Intuit (INTU) RSU awards for Sasan Goodarzi include dividend equivalents?
Yes. Both time-based and performance-based RSU awards carry dividend equivalent rights. Cash amounts accrue based on the underlying shares and are settled in cash upon vesting and share issuance, rather than being paid as additional shares.
When do Sasan Goodarzi’s Intuit (INTU) stock options expire?
The non-qualified stock options granted to Sasan Goodarzi on July 23, 2026 expire on July 22, 2033. They vest over a four-year schedule, beginning with 25% vesting after one year and the remainder vesting monthly thereafter.