Intuit (NASDAQ: INTU) awards RSUs and performance units to EVP
Rhea-AI Filing Summary
Hilliard Caryl Lyn reported acquisition or exercise transactions in this Form 4 filing.
INTUIT INC. granted EVP, People and Places Caryl Lyn Hilliard 15,397 restricted stock units and a separate performance-based RSU award with a target of 12,791 units on July 23, 2026. The time-based RSUs vest 12.5% on December 31, 2026 and 6.25% quarterly thereafter. The performance RSUs may vest at 0-200% of target based on total shareholder return objectives, with any awarded units vesting on September 1, 2029 and settling in an equal number of common shares; dividend equivalent rights accrue in cash upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hilliard Caryl Lyn
Role
EVP, People and Places
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3, F4 | 15,397 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units (performance-based vesting) F1, F2, F5, F6, F4 | 12,791 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 15,397 shares (Direct);
Restricted Stock Units (performance-based vesting) — 12,791 shares (Direct)
Footnotes (6)
- F1. Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
- F2. 1-for-1
- F3. 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.
- F4. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F5. 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.
- F6. Represents vesting date for restricted stock units (performance-based vesting).
Key Figures
Time-based RSU grant: 15,397 units
Target performance RSUs: 12,791 units
Initial vesting tranche: 12.5%
+3 more
6 metrics
Time-based RSU grant
15,397 units
Restricted stock units granted to EVP Caryl Lyn Hilliard on July 23, 2026
Target performance RSUs
12,791 units
Target number of performance-based restricted stock units granted July 23, 2026
Initial vesting tranche
12.5%
Portion of time-based RSUs vesting on December 31, 2026
Quarterly vesting increments
6.25%
Portion of time-based RSUs vesting each April 1, July 1, October 1 and December 31 thereafter
Performance payout range
0-200%
Range of performance-based RSUs that may vest relative to the 12,791-unit target
Performance RSU vesting date
9/1/2029
Vesting date for awarded performance-based RSUs after TSR objectives are met
Key Terms
Restricted Stock Units, dividend equivalent rights, performance-based vesting, total shareholder return
4 terms
Restricted Stock Units financial
"Restricted Stock Units will vest over time or be canceled before vesting"
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.
dividend equivalent rights financial
"Dividend equivalent rights accrue on the underlying shares for this award"
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.
performance-based vesting financial
"Restricted Stock Units (performance-based vesting) depend on performance results"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Intuit (INTU) grant to EVP Caryl Lyn Hilliard?
Caryl Lyn Hilliard received 15,397 restricted stock units and a separate performance-based RSU award with a target of 12,791 units. Both awards convert into Intuit common stock upon vesting, with dividend equivalents paid in cash when shares are issued.
How do the time-based RSUs granted by Intuit (INTU) to Caryl Lyn Hilliard vest?
The time-based RSUs vest 12.5% on December 31, 2026, then 6.25% on each April 1, July 1, October 1 and December 31 thereafter until fully vested. Units either vest according to this schedule or are canceled before vesting.
What is the performance condition on Intuit (INTU) performance-based RSUs?
The performance RSUs have a target of 12,791 units, with actual vesting between 0-200% of target depending on total shareholder return objectives. After these objectives are achieved, the awarded units vest on September 1, 2029 and are settled in common stock.
When do the performance-based RSUs for Intuit (INTU) EVP Caryl Lyn Hilliard vest?
Awarded performance-based RSUs are scheduled to vest on September 1, 2029, after Intuit meets specified total shareholder return objectives. Vested units are then paid in an equal number of Intuit common shares, subject to the 0-200% performance range.
Do the Intuit (INTU) RSU awards to Caryl Lyn Hilliard include dividend equivalent rights?
Yes. Dividend equivalent rights accrue on the underlying shares for these RSU awards and settle in cash upon vesting and issuance of the corresponding shares, providing cash payments that mirror dividends paid during the vesting period.