Intuit accounting chief nets 652 shares, 348 withheld
INTUIT INC. senior vice president and chief accounting officer Lauren D. Hotz reported routine equity compensation activity involving restricted stock units and related tax withholding.
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 and related tax withholding. On 2026-07-01, she exercised derivative awards to acquire a total of 652 shares of Intuit common stock at a conversion price of $0.00 per share. In connection with the vesting, 347.628 shares of common stock were automatically disposed of at a fair market value of $261.00 per share to satisfy tax obligations, rather than through an open-market sale. After these transactions, Hotz directly owned approximately 2,534.9412 shares of Intuit common stock, and the reported restricted stock unit tranches were fully vested with no remaining balance listed.
Positive
- None.
Negative
- None.
Insider Trade Summary
652 shares exercised/converted
Exercise
11 txns
Insider
Hotz Lauren D
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 42 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 105 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 97 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 87 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 321 | $0.00 | $0.00 |
| Exercise | Common Stock | 42 | $0.00 | $0.00 |
| Exercise | Common Stock | 105 | $0.00 | $0.00 |
| Exercise | Common Stock | 97 | $0.00 | $0.00 |
| Exercise | Common Stock | 87 | $0.00 | $0.00 |
| Exercise | Common Stock | 321 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 347.628 | $261.00 | $91K |
Holdings After Transaction:
Restricted Stock Units — 2,047 contracts (Direct);
Common Stock — 2,534.9412 shares (Direct)
Footnotes (5)
- F1. Includes 6.382 shares acquired by the reporting person on 6/15/2026 through the Intuit Inc. Employee Stock Purchase Plan.
- F2. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
- F3. 1-for-1
- F4. Represents vesting date for this tranche of restricted stock units.
- F5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
Tax-withholding shares: 347.628 shares
Fair market value per share: $261.00 per share
RSU-derived shares acquired: 652 shares
+3 more
6 metrics
Tax-withholding shares
347.628 shares
Common stock disposed at $261.00 per share for tax liability
Fair market value per share
$261.00 per share
Value used for tax-withholding disposition of common stock
RSU-derived shares acquired
652 shares
Total common shares from derivative exercises (M code) on 2026-07-01
Shares owned after transactions
2,534.9412 shares
Direct ownership of Intuit common stock following reported activity
Largest RSU tranche vested
321 units/shares
Restricted stock units converted one-for-one into common stock
ESPP shares acquired earlier
6.382 shares
Shares acquired on 2026-06-15 via Employee Stock Purchase Plan
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Employee Stock Purchase Plan, +1 more
5 terms
Restricted Stock Units financial
"The filing lists several transactions with the security title "Restricted Stock Units" converting into common stock."
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
"One common stock transaction is described as a "tax-withholding disposition" under transaction code F."
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.
derivative security financial
"Multiple entries carry the description "Exercise or conversion of derivative security" for RSU vesting."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Employee Stock Purchase Plan financial
"A footnote notes 6.382 shares acquired 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
"A footnote defines the fair market value of Intuit common stock used for the tax transaction."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
