Intuit Inc. (INTU) EVP Cozzens exercises MSPP RSUs, with shares withheld for taxes
Rhea-AI Filing Summary
INTUIT INC. executive Tyler Ralph Cozzens exercised restricted stock units granted under a management stock purchase program into 173 shares of common stock on 2026-08-11, consisting of 89 MSPP Purchased Award units at $497.77 per share and 84 MSPP Matching Award units. In connection with these exercises, 56.229 shares of common stock, valued at $334.43 per share, were delivered or withheld for payment of exercise price or tax liability. The MSPP awards were fully vested and settled on the reported dates, and the filing indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 116.771 shares
Net Buy
5 txns
Insider
Cozzens Tyler Ralph
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (MSPP Purchased Award) F2, F3, F4 | 89 | $497.77 | $44K |
| Exercise | Restricted Stock Units (MSPP Matching Award) F5, F2, F6, F7 | 84 | $0.00 | $0.00 |
| Exercise | Common Stock | 89 | $0.00 | $0.00 |
| Exercise | Common Stock | 84 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 56.229 | $334.43 | $19K |
Holdings After Transaction:
Restricted Stock Units (MSPP Purchased Award) — 0 shares (Direct);
Restricted Stock Units (MSPP Matching Award) — 0 shares (Direct);
Common Stock — 6,213.375 shares (Direct)
Footnotes (7)
- 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. Restricted stock units (MSPP Purchased Award) are fully vested upon grant; however, settlement occurs upon the earlier of termination of employment or three years from grant date.
- F4. Represents settlement date for restricted stock units (MSPP Purchased Award). Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
- F5. Reporting person was awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation in a management stock purchase program (MSPP).
- F6. Represents vesting and settlement date for restricted stock units (MSPP Matching Award).
- F7. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs Exercised (Total): 173 shares
MSPP Purchased Award Units: 89 shares
MSPP Matching Award Units: 84 shares
+3 more
6 metrics
RSUs Exercised (Total)
173 shares
Total MSPP Purchased and Matching Award RSUs converted to common stock on 2026-08-11
MSPP Purchased Award Units
89 shares
Restricted stock units (MSPP Purchased Award) exercised into common stock
MSPP Matching Award Units
84 shares
Restricted stock units (MSPP Matching Award) vested and settled into common stock
Value per MSPP Purchased Unit
$497.77 per share
Reported transaction price for MSPP Purchased Award RSUs converting into common stock
Shares Withheld/Delivered
56.229 shares
Common shares used for payment of exercise price or tax liability
FMV for Withheld Shares
$334.43 per share
Fair market value on trading day immediately preceding the transaction date
Key Terms
Restricted Stock Units, management stock purchase program (MSPP), Payment of exercise price or tax liability, vesting and settlement date
4 terms
Restricted Stock Units financial
"Restricted stock units (MSPP Purchased Award) are fully vested upon grant"
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.
management stock purchase program (MSPP) financial
"awarded the restricted stock units (MSPP Matching Award) in connection with voluntary participation"
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
vesting and settlement date financial
"Represents vesting and settlement date for restricted stock units (MSPP Matching Award)."
FAQ
What did INTU executive Tyler Ralph Cozzens report in this Form 4?
Cozzens exercised 173 restricted stock units into common stock and had 56.229 shares withheld or delivered to cover exercise price or tax liability related to those MSPP awards.
What were the key prices involved in Tyler Cozzens’ INTU Form 4 transactions?
The MSPP Purchased Award units converted into common stock at a reported value of $497.77 per share, while the shares withheld or delivered for obligations were valued at $334.43 per share, based on fair market value.
Were Tyler Cozzens’ INTU transactions under a Rule 10b5-1 trading plan?
No. The Form 4 box for Rule 10b5-1 status is unchecked, indicating these transactions were not made pursuant to an affirmative 10b5-1 trading plan for pre-arranged trading.
What are MSPP Purchased and Matching Awards in the INTU filing?
They are restricted stock units granted under a management stock purchase program (MSPP). Purchased Awards are fully vested upon grant, while Matching Awards are granted for voluntary participation and vest and settle on specified dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.