Intuit executive exercises 1,859 performance RSUs
Intuit’s EVP and General Counsel settled a performance-based RSU award, with shares withheld at $359.30 per share to cover exercise price or tax liability.
Rhea-AI Filing Summary
INTUIT INC. (INTU) reported that executive officer Tyler Ralph Cozzens exercised performance-based restricted stock units into 1,859 shares of common stock on September 1, 2026, and delivered or had withheld 767.585 shares of common stock, valued at $359.30 per share, for payment of exercise price or tax liability. The vested units derived from a July 27, 2023 grant tied to total shareholder return objectives, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,859 shares exercised/converted
Exercise
3 txns
Insider
Cozzens Tyler Ralph
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) F2, F3, F4, F5 | 1,859 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,859 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1 | 767.585 | $359.30 | $276K |
Holdings After Transaction:
Restricted Stock Units (performance-based vesting) — 0 contracts (Direct);
Common Stock — 7,304.79 shares (Direct)
Footnotes (5)
- 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. Represents the outstanding awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant dated 7/27/2023 related to achievement of certain total shareholder return objectives.
- F4. Represents release date for vested restricted stock units (performance-based vesting) granted on 7/27/2023.
- F5. Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs exercised: 1,859 shares
Common shares withheld or delivered: 767.585 shares
Fair market value per share: $359.30 per share
3 metrics
RSUs exercised
1,859 shares
Performance-based restricted stock units converted into common stock on September 1, 2026
Common shares withheld or delivered
767.585 shares
Shares delivered or withheld for payment of exercise price or tax liability
Fair market value per share
$359.30 per share
Fair market value of Intuit common stock on trading day before September 1, 2026
Key Terms
Restricted Stock Units, performance-based vesting, total shareholder return, tax liability
4 terms
Restricted Stock Units financial
"Represents the outstanding awarded and vested units pursuant to the restricted stock units"
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.
performance-based vesting financial
"Restricted Stock Units (performance-based vesting) do not expire; they either vest"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What transactions did INTU executive Tyler Ralph Cozzens report on this Form 4?
He exercised 1,859 performance-based restricted stock units into common shares on September 1, 2026 and delivered or had 767.585 shares of common stock withheld to satisfy exercise price or tax liability related to that vesting event.
How many Intuit (INTU) RSUs vested for Tyler Ralph Cozzens?
A total of 1,859 restricted stock units with performance-based vesting vested and converted into an equal number of Intuit common shares, on a 1-for-1 basis, from a grant originally awarded on July 27, 2023 tied to total shareholder return objectives.
Was Tyler Ralph Cozzens’ INTU Form 4 transaction under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox affirming that the reported transactions were made pursuant to a contract, instruction, or written plan under Rule 10b5-1 is not checked.
What were the performance conditions on the vested INTU RSUs for Tyler Ralph Cozzens?
The vested restricted stock units were performance-based, from a grant dated July 27, 2023, and were related to the achievement of certain total shareholder return objectives. The units either vest upon meeting conditions or are canceled; they do not have an expiration date.
How many derivative securities remain after these INTU transactions?
The Form 4 reports that no restricted stock units of this grant remain outstanding after the exercise of 1,859 units, and the derivative summary section does not list any remaining derivative positions for this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
