Kerry J. McLean - Jul 28, 2022 Form 4 Insider Report for INTUIT INC (INTU)

Role
EVP, Gen. Counsel & Corp.Sec.
Signature
/s/ Stacey Doynow, by power-of-attorney
Stock symbol
INTU
Transactions as of
Jul 28, 2022
Transactions value $
$0
Form type
4
Date filed
8/1/2022, 05:41 PM
Previous filing
Jul 6, 2022
Next filing
Aug 11, 2022

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 +12.8K $0.00 12.8K Jul 28, 2022 Common Stock 12.8K $448.59 Direct F1
transaction INTU Restricted Stock Unit Award $0 +3.9K $0.00 3.9K Jul 28, 2022 Common Stock 3.9K Direct F2, F3, F4, F5
transaction INTU Restricted Stock Unit(performance-based vesting) Award $0 +7.43K $0.00 7.43K Jul 28, 2022 Common Stock 7.43K 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 25% of the stock options granted will vest on 7/28/2023 and thereafter 2 1/2% of the stock options will vest on each monthly anniversary.
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 12.5% of the Restricted Stock Units will vest on 12/31/2022; 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, 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 9/1/2025. 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).