Intuit EVP acquires 2,166 shares from RSUs
Intuit’s EVP, People and Places reported the vesting of performance-based RSUs and a related tax-withholding share disposition.
Rhea-AI Filing Summary
INTUIT INC. (INTU) reported insider equity activity by Caryl Lyn Hilliard, EVP, People and Places. On September 1, 2026, 2,166 performance-based restricted stock units were exercised for an equivalent number of common shares. On the same date, 958.097 common shares were delivered or withheld to cover the exercise price or tax liability at $359.30 per share, based on the fair market value from the prior trading day.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,166 shares exercised/converted
Exercise
3 txns
Insider
Hilliard Caryl Lyn
Role
EVP, People and Places
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) F2, F3, F4, F5 | 2,166 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,166 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 958.097 | $359.30 | $344K |
Holdings After Transaction:
Restricted Stock Units (performance-based vesting) — 0 contracts (Direct);
Common Stock — 24,745.162 shares (Direct)
Footnotes (5)
- 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. Represents the outstanding awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant dated 7/27/2023 related to achievement of certain total shareholder return objectives.
- F4. Represents release date for vested restricted stock units (performance-based vesting) granted on 7/27/2023.
- F5. Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs exercised: 2,166 units
Common shares acquired from RSUs: 2,166 shares
Shares delivered/withheld for exercise price or tax liability: 958.097 shares
+3 more
6 metrics
RSUs exercised
2,166 units
Performance-based restricted stock units converted into common stock on September 1, 2026
Common shares acquired from RSUs
2,166 shares
Common stock received upon 1-for-1 conversion of performance-based RSUs
Shares delivered/withheld for exercise price or tax liability
958.097 shares
Common stock used to satisfy exercise price or tax liability on September 1, 2026
Fair market value per share
$359.30 per share
Fair market value on the trading day immediately preceding the reported transaction date, used for withholding
Exercise transactions
1 transaction
One derivative exercise/conversion reported for performance-based RSUs
Exercise price or tax liability transactions
1 transaction
One transaction using common shares to pay exercise price or tax liability
Key Terms
Restricted Stock Units (performance-based vesting), fair market value, total shareholder return, Payment of exercise price or tax liability
4 terms
Restricted Stock Units (performance-based vesting) financial
"Restricted Stock Units (performance-based vesting) grant dated 7/27/2023 related to achievement"
fair market value financial
"Fair market value of Intuit Inc. common stock on the trading day immediately"
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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transaction did INTU report for EVP Caryl Lyn Hilliard?
INTU reported that EVP Caryl Lyn Hilliard had 2,166 performance-based restricted stock units convert into common stock on September 1, 2026, with a portion of the resulting shares delivered or withheld to cover the exercise price or tax liability.
Were the vested INTU RSUs performance-based, and what were they tied to?
Yes. The restricted stock units were performance-based awards granted on July 27, 2023, and the filing states they related to the achievement of certain total shareholder return objectives before vesting and release.
Was this INTU insider transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.