Brad D. Smith - Jul 29, 2021 Form 4 Insider Report for INTUIT INC (INTU)

Role
Executive Chairman, Director
Signature
/s/ Stacey Doynow, by power-of-attorney
Stock symbol
INTU
Transactions as of
Jul 29, 2021
Transactions value $
$0
Form type
4
Date filed
8/2/2021, 06:47 PM
Previous filing
Jul 2, 2021
Next filing
Aug 12, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INTU Non-Qualified Stock Option (right to buy) Award $0 +12.3K $0.00 12.3K Jul 29, 2021 Common Stock 12.3K $525.51 Direct F1
transaction INTU Restricted Stock Unit Award $0 +2.86K $0.00 2.86K Jul 29, 2021 Common Stock 2.86K Direct F2, F3, F4, F5
transaction INTU Restricted Stock Unit - performance based vesting Award $0 +5.61K $0.00 5.61K Jul 29, 2021 Common Stock 5.61K Direct F2, F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents first vesting date for this stock option grant. 25% of the stock options granted will vest on 7/29/2022 and thereafter 2 1/12% of the stock options will vest on each monthly anniversary such that the grant is fully vested on the 4th anniversary of the grant date.
F2 Dividend equivalent rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
F3 1 for 1
F4 Represents first vesting date for these restricted stock units. 12.5% of the restricted stock units will vest on 12/31/2021; thereafter 6.25% of the restricted stock units will vest on each of April 1, July 1, October 1, and December 31, following the first vest date 12/31/2021, until the award is fully vested.
F5 Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
F6 the target number of units subject to the award is presented in the table; the number that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives; the awarded units will vest on 9/1/2024. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
F7 Represents vesting date for restricted stock units - performance based vesting.