Sasan K. Goodarzi - 08 Dec 2023 Form 4 Insider Report for INTUIT INC. (INTU)

Signature
/s/ Erick Rivero, by power-of-attorney
Issuer symbol
INTU
Transactions as of
08 Dec 2023
Net transactions value
-$788,539
Form type
4
Filing time
12 Dec 2023, 15:46:41 UTC
Previous filing
07 Dec 2023
Next filing
02 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTU Common Stock Options Exercise $0 +692 +1.1% $0.000000 66,016 08 Dec 2023 Direct
transaction INTU Common Stock Options Exercise $0 +524 +0.79% $0.000000 66,540 08 Dec 2023 Direct
transaction INTU Common Stock Options Exercise $0 +158 +0.24% $0.000000 66,698 08 Dec 2023 Direct
transaction INTU Common Stock Tax liability $788,539 -1,374 -2.1% $573.90 65,324 08 Dec 2023 Direct

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 Restricted Stock Units - performance-based Options Exercise $0 -692 -3.2% $0.000000 20,814 08 Dec 2023 Common Stock 692 Direct F1, F2, F3, F4
transaction INTU Restricted Stock Units - performance-based Options Exercise $0 -524 -1.9% $0.000000 26,528 08 Dec 2023 Common Stock 524 Direct F1, F3, F4, F5
transaction INTU Restricted Stock Units - performance-based Options Exercise $0 -158 -0.62% $0.000000 25,315 08 Dec 2023 Common Stock 158 Direct F1, F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1-for-1
F2 Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2024. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.
F3 Restricted Stock Units have no expiration date; they either vest or are canceled prior to vesting date.
F4 Represents target number of units subject to the award; the number that vest may be 0% - 200% of this number, depending upon performance.
F5 Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2025. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.
F6 Following achievement by the issuer of certain total shareholder return objectives, awarded units will vest on 9/1/2026. The issuer has accelerated vesting and issuance of this portion of the award to accommodate forfeiture of shares related to employment tax withholding obligations of the reporting person arising in connection with retirement eligibility.