Intuit (NASDAQ: INTU) SVP gains stock through RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTUIT INC. senior vice president and chief accounting officer Lauren D. Hotz reported routine equity compensation activity involving restricted stock units. On April 1, 2026, she exercised or converted a total of 330 restricted stock units into an equal number of shares of Intuit common stock at an exercise price of $0.00 per share.
To cover tax obligations on this vesting, 120.548 shares of common stock were withheld at a fair market value of $432.38 per share, described as payment of tax liability by delivering securities rather than an open-market sale. After these transactions, Hotz directly owned 2,224.1872 shares of Intuit common stock, including 1.751 shares previously acquired through the Intuit Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
330 shares exercised/converted
Mixed
9 txns
Insider
Hotz Lauren D
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 41 | $0.00 | -- |
| Exercise | Restricted Stock Units | 104 | $0.00 | -- |
| Exercise | Restricted Stock Units | 97 | $0.00 | -- |
| Exercise | Restricted Stock Units | 88 | $0.00 | -- |
| Exercise | Common Stock | 41 | $0.00 | -- |
| Exercise | Common Stock | 104 | $0.00 | -- |
| Exercise | Common Stock | 97 | $0.00 | -- |
| Exercise | Common Stock | 88 | $0.00 | -- |
| Tax Withholding | Common Stock | 120.548 | $432.38 | $52K |
Holdings After Transaction:
Restricted Stock Units — 42 shares (Direct);
Common Stock — 2,055.735 shares (Direct)
Footnotes (1)
- Includes 1.751 shares acquired by the reporting person on 3/15/2026 through the Intuit Inc. Employee Stock Purchase Plan. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Represents vesting date for this tranche of restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs converted: 330 restricted stock units
Tax-withholding shares: 120.548 shares
Fair market value per share: $432.38 per share
+3 more
6 metrics
RSUs converted
330 restricted stock units
Exercised or converted into common stock on April 1, 2026
Tax-withholding shares
120.548 shares
Common stock withheld to satisfy tax liability
Fair market value per share
$432.38 per share
Used to value tax-withholding disposition
Shares owned after transaction
2,224.1872 shares
Direct Intuit common stock holdings after April 1, 2026 activity
ESPP shares included
1.751 shares
Acquired via Intuit Employee Stock Purchase Plan on March 15, 2026
Derivative exercises
4 transactions, 330 shares
Exercise or conversion of restricted stock units coded as M
Key Terms
Restricted Stock Units, tax-withholding disposition, Employee Stock Purchase Plan, fair market value, +1 more
5 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Employee Stock Purchase Plan financial
"through the Intuit Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
fair market value financial
"Fair market value of Intuit Inc. common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
FAQ
What insider transaction did INTU executive Lauren D. Hotz report?
Lauren D. Hotz reported vesting and conversion of restricted stock units into Intuit common stock. She exercised 330 RSUs at $0.00 per share, receiving the same number of common shares as part of her equity compensation, rather than buying shares on the open market.
What tax-withholding activity is disclosed for Intuit (INTU) executive Lauren D. Hotz?
To satisfy tax obligations from RSU vesting, 120.548 Intuit common shares were withheld at a fair market value of $432.38 per share. This transaction is coded as a tax-withholding disposition, meaning shares were delivered for taxes rather than sold in the market.
What is the significance of the $432.38 price in the INTU Form 4 filing?
The $432.38 figure represents the fair market value of Intuit common stock on the trading day immediately before the transaction. It is used to value the 120.548 shares withheld for taxes on the RSU vesting, according to the filing footnote description.