Sasan K. Goodarzi - Jul 25, 2024 Form 4 Insider Report for INTUIT INC. (INTU)

Role
CEO, President and Director
Signature
/s/ Erick Rivero, by power-of-attorney
Stock symbol
INTU
Transactions as of
Jul 25, 2024
Transactions value $
$0
Form type
4
Date filed
7/29/2024, 08:20 PM
Previous filing
Jul 3, 2024
Next filing
Sep 4, 2024

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 Options (right to buy) Award $0 +45.9K $0.00 45.9K Jul 25, 2024 Common Stock 45.9K $626.32 Direct F1
transaction INTU Restricted Stock Units Award $0 +13.8K $0.00 13.8K Jul 25, 2024 Common Stock 13.8K Direct F2, F3, F4, F5
transaction INTU Restricted Stock Units (performance-based vesting) Award $0 +26.9K $0.00 26.9K Jul 25, 2024 Common Stock 26.9K 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 7/25/2025 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 12.5% of the restricted stock units will vest on 12/31/2024; thereafter 6.25% of the restricted stock units will vest on each April 1, July 1, October 1, and December 31, until the award is fully vested. These securities are subject to a one year deferred issuance after vesting.
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 9/1/2027. 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). These securities are subject to a one year deferred issuance after vesting.