Intuit (INTU) CFO Aujla exercises RSUs as 1,725 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuit EVP and CFO Sandeep Aujla reported routine equity compensation activity. On April 1, 2026, he exercised restricted stock units that converted into 3,360 shares of Intuit common stock. These conversions carried a stated exercise price of $0.00 per share, reflecting non-cash RSU vesting rather than an open-market purchase.
To cover tax obligations on the vesting, 1,725.362 shares of common stock were withheld at a fair market value of $432.38 per share, classified as a tax-withholding disposition rather than a market sale. Following these transactions, Aujla directly held 2,208.7746 Intuit shares, which includes 38.384 shares previously acquired through the Intuit Employee Stock Purchase Plan as of mid-March 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,360 shares exercised/converted
Mixed
7 txns
Insider
Aujla Sandeep
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,665 | $0.00 | -- |
| Exercise | Restricted Stock Units | 346 | $0.00 | -- |
| Exercise | Restricted Stock Units | 349 | $0.00 | -- |
| Exercise | Common Stock | 2,665 | $0.00 | -- |
| Exercise | Common Stock | 346 | $0.00 | -- |
| Exercise | Common Stock | 349 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,725.362 | $432.38 | $746K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 3,239.137 shares (Direct)
Footnotes (1)
- Includes 38.384 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
RSU shares converted: 3,360 shares
Shares withheld for taxes: 1,725.362 shares
Fair market value per share: $432.38 per share
+2 more
5 metrics
RSU shares converted
3,360 shares
Restricted stock units converting to Intuit common stock on April 1, 2026
Shares withheld for taxes
1,725.362 shares
Common stock withheld to satisfy tax obligations on RSU vesting
Fair market value per share
$432.38 per share
Value used for tax-withholding disposition of Intuit common stock
Direct holdings after transactions
2,208.7746 shares
Intuit common shares directly held by CFO after RSU vesting and tax withholding
ESPP shares included
38.384 shares
Shares acquired via Intuit Employee Stock Purchase Plan on March 15, 2026
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" for multiple derivative entries"
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" for the F-code common stock entry"
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
"shares acquired on 3/15/2026 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 on the trading day immediately preceding"
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.
vesting date financial
"Represents vesting date for this tranche of restricted stock units."
FAQ
What did Intuit (INTU) CFO Sandeep Aujla report in this Form 4?
Intuit CFO Sandeep Aujla reported RSU vesting that converted into common shares, plus shares withheld for taxes. The activity reflects routine equity compensation rather than open-market buying or selling, and updates his directly held Intuit share balance after these non-cash transactions.
Were these Intuit (INTU) CFO transactions open-market buys or sells?
No, the transactions reflect RSU exercises and tax withholding, not open-market trades. The RSUs converted into common stock at a $0.00 exercise price, and shares classified under code F were withheld solely to pay taxes on the vesting, not sold into the market.
What does the fair market value of $432.38 mean in this Intuit (INTU) filing?
The $432.38 per share figure is the fair market value used for tax-withholding purposes on the vesting date. It applies to the 1,725.362 shares withheld to cover tax liabilities, determining the value of shares surrendered rather than indicating a trade price in the open market.