Intuit (INTU) EVP Caryl Lyn Hilliard converts MSPP RSUs, withholds shares for taxes
Rhea-AI Filing Summary
Intuit Inc. executive Caryl Lyn Hilliard, EVP, People and Places, reported vesting and settlement of management stock purchase program restricted stock units on common stock. On 2026-08-11, a total of 213 common shares were acquired upon conversion of MSPP purchased and matching RSUs, and 90.048 shares of common stock were delivered or withheld at $334.43 per share for payment of exercise price or tax liability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 122.952 shares
Net Buy
5 txns
Insider
Hilliard Caryl Lyn
Role
EVP, People and Places
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (MSPP Purchased Award) F2, F3, F4 | 109 | $497.77 | $54K |
| Exercise | Restricted Stock Units (MSPP Matching Award) F5, F2, F6, F7 | 104 | $0.00 | $0.00 |
| Exercise | Common Stock | 109 | $0.00 | $0.00 |
| Exercise | Common Stock | 104 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 90.048 | $334.43 | $30K |
Holdings After Transaction:
Restricted Stock Units (MSPP Purchased Award) — 0 shares (Direct);
Restricted Stock Units (MSPP Matching Award) — 0 shares (Direct);
Common Stock — 23,537.259 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
MSPP Purchased RSUs converted: 109 shares
MSPP Matching RSUs converted: 104 shares
Total RSU-based common shares acquired: 213 shares
+3 more
6 metrics
MSPP Purchased RSUs converted
109 shares
Restricted Stock Units (MSPP Purchased Award) converted into common stock on 2026-08-11
MSPP Matching RSUs converted
104 shares
Restricted Stock Units (MSPP Matching Award) converted into common stock on 2026-08-11
Total RSU-based common shares acquired
213 shares
Common stock received from MSPP Purchased and Matching Awards combined
Shares delivered/withheld for tax or exercise
90.048 shares
Common stock used to pay exercise price or tax liability
Per-share value for tax/exercise payment
$334.43 per share
Fair market value on trading day immediately preceding the related transaction
MSPP Purchased Award reference price
$497.77 per share
Transaction price per share for MSPP Purchased Award RSU conversion
Key Terms
Restricted stock units, Management stock purchase program (MSPP), Fair market value, Payment of exercise price or tax liability, +1 more
5 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"
Fair market value financial
"Fair market value of Intuit Inc. common stock on the trading day immediately preceding"
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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
FAQ
What equity transactions did INTU executive Caryl Lyn Hilliard report on this Form 4?
Caryl Lyn Hilliard reported 213 shares of Intuit common stock acquired from vesting and settlement of MSPP restricted stock units and 90.048 shares delivered or withheld to cover payment of exercise price or tax liability.
Were Caryl Lyn Hilliard’s Intuit (INTU) transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not selected, and the footnotes do not reference any trading plan, indicating these MSPP-related equity transactions were not reported as being made pursuant to a Rule 10b5-1 plan.
What are the MSPP Purchased and Matching Awards reported for INTU’s Caryl Lyn Hilliard?
The MSPP Purchased Award comprised 109 RSUs, fully vested on grant but settled later, while the MSPP Matching Award comprised 104 RSUs granted for participation in a management stock purchase program (MSPP), both converting 1-for-1 into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
