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INTU Insider Marianna Tessel Receives Stock Options & RSUs in 2025 Grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Intuit Inc. (INTU) EVP Marianna Tessel filed a Form 4 covering compensation-related equity awards dated 07/24/2025. She acquired three new derivative positions:

  • 14,726 non-qualified stock options at a $781.21 exercise price; 25 % vest on 07/24/2026, the remainder vest monthly to full vesting after four years; expiration 07/23/2032.
  • 4,641 time-based RSUs; 25 % vest on 07/01/2026, then 6.25 % vests on each Oct 1, Dec 31, Apr 1 and Jul 1 until fully vested.
  • 8,923 target performance-based RSUs (0–200 % payout) tied to total-shareholder-return metrics; any earned units vest on 09/01/2028.
No shares were sold and the officer now beneficially owns the same amounts of the granted derivatives (direct ownership). In aggregate the awards represent potential issuance of up to ~28 k shares—about 0.01 % of Intuit’s diluted share count—making the filing routine and immaterial to the company’s capital structure.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine executive grant; negligible dilution; neutral for valuation.

The filing reflects standard incentive-based compensation rather than open-market activity, signalling neither bullish nor bearish insider sentiment. At a $781.21 strike, the options are near current trading levels, aligning long-term incentives. Even if all 28,290 potential shares vest, dilution is roughly 0.01 %—far below materiality thresholds. No impact on near-term earnings or cash flow; therefore, the disclosure is not impactful for valuation models or stock price outlook.

TL;DR: Grant structure aligns pay with performance, governance standard.

Including performance-based RSUs linked to total shareholder return supports best-practice alignment between executive rewards and investor outcomes. The staggered vesting schedule encourages retention through FY 2029. There are no red flags regarding accelerated vesting, repricing or unusual terms. Consequently, the event is governance-neutral and should satisfy most institutional stewardship guidelines.

Insider Tessel Marianna
Role EVP, GBSG
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Options (right to buy) 14,726 $0.00 --
Grant/Award Restricted Stock Units 4,641 $0.00 --
Grant/Award Restricted Stock Units (performance-based vesting) 8,923 $0.00 --
Holdings After Transaction: Non-Qualified Stock Options (right to buy) — 14,726 shares (Direct); Restricted Stock Units — 4,641 shares (Direct); Restricted Stock Units (performance-based vesting) — 8,923 shares (Direct)
Footnotes (1)
  1. 25% of the stock options granted will vest on 7/24/2026 and 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. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares. 1-for-1 25% of the restricted stock units will vest on 07/01/2026; thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1 and July 1, until the award is fully vested. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. 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 9/1/2028. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. Represents vesting date for restricted stock units (performance-based vesting).
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Tessel Marianna
(Last) (First) (Middle)
C/O INTUIT INC.
2700 COAST AVENUE
(Street)
MOUNTAIN VIEW CA 94043
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, GBSG
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Options (right to buy) $781.21 07/24/2025 A 14,726 (1) 07/23/2032 Common Stock 14,726 $0 14,726 D
Restricted Stock Units(2) (3) 07/24/2025 A 4,641 (4) (5) Common Stock 4,641 $0 4,641 D
Restricted Stock Units (performance-based vesting)(2) (3) 07/24/2025 A 8,923(6) 09/01/2028(7) (5) Common Stock 8,923 $0 8,923 D
Explanation of Responses:
1. 25% of the stock options granted will vest on 7/24/2026 and 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.
2. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
3. 1-for-1
4. 25% of the restricted stock units will vest on 07/01/2026; thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1 and July 1, until the award is fully vested.
5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
6. 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 9/1/2028. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
7. Represents vesting date for restricted stock units (performance-based vesting).
Remarks:
/s/ Erick Rivero, by power-of-attorney 07/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Intuit (INTU) EVP Marianna Tessel receive on 07/24/2025?

She received 14,726 stock options, 4,641 time-based RSUs, and 8,923 performance-based RSUs.

What is the strike price and vesting schedule of the new Intuit stock options?

Options carry a $781.21 exercise price, vest 25 % after one year, then monthly through full vesting by 07/24/2029, and expire on 07/23/2032.

How do the performance-based RSUs for INTU's EVP vest?

Payout ranges 0–200 % of the 8,923 target units, contingent on total shareholder return, with any earned units vesting on 09/01/2028.

Did the Form 4 report any share sales by Marianna Tessel?

No. All reported transactions were grants (code "A"); there were no dispositions of Intuit shares.

What percentage of Intuit’s shares could these grants dilute?

If fully vested, the maximum ~28 k shares equal roughly 0.01 % of shares outstanding, an immaterial level of dilution.