[Form 4] Intuit Inc Insider Trading Activity
Rhea-AI Filing Summary
Hilliard Caryl Lyn, EVP, People and Places at Intuit Inc. (INTU), reported transactions dated 09/01/2025. Performance-based restricted stock units vested on that date, converting 3,633 RSUs into common shares at no cash exercise price. To cover taxes or related obligations, 1,802.261 of those shares were disposed of at a reported price equal to the prior trading day's fair market value of $667 per share. Following the reported transactions, beneficial ownership is shown as 24,202.091 shares after the acquisition line and 22,399.83 shares after the disposition line. The filing notes the RSUs were granted for meeting total shareholder return performance objectives, vest 1-for-1 into common stock, do not expire, and the form was signed by power of attorney on 09/03/2025.
Positive
- Performance-based RSUs vested, indicating achievement of specified total shareholder return objectives
- Partial sell-to-cover executed, leaving the reporting executive with continued meaningful share ownership
Negative
- None.
Insights
TL;DR: Routine performance-RSU vesting with a partial sell-to-cover; typical for senior executives, limited direct market impact.
The reported activity reflects standard compensation mechanics: performance-based restricted stock units vested after achieving specified total shareholder return goals and converted 1-for-1 into common shares. The simultaneous disposition of 1,802.261 shares at the prior trading day's fair market value appears consistent with tax withholding or sell-to-cover settlement rather than an opportunistic open-market sale. The net increase in long-term aligned equity remains modest vis-à-vis Intuit's market capitalization. For investors, this is a governance/compensation disclosure rather than a material corporate development.
TL;DR: Disclosure is complete and standard; it documents executive pay delivery and routine post-vesting mechanics.
The form clarifies the nature of the award: performance-based RSUs tied to total shareholder return, vesting and release on 09/01/2025, with no expiration. The filing includes both the grant conversion and a disposition, likely for tax withholding. Signature by power of attorney is noted. This filing does not signal governance concerns or extraordinary insider activity based on the information provided.