Varun Krishna - 28 Jul 2022 Form 4 Insider Report for INTUIT INC (INTU)

Role
EVP, Consumer Group
Signature
/s/ Stacey Doynow, by power-of-attorney
Issuer symbol
INTU
Transactions as of
28 Jul 2022
Net transactions value
$0
Form type
4
Filing time
01 Aug 2022, 17:40:05 UTC
Previous filing
13 Sep 2022
Next filing
15 Aug 2022
SEC
View on sec.gov

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 +20,109 $0.000000 20,109 28 Jul 2022 Common Stock 20,109 $448.59 Direct F1
transaction INTU Restricted Stock Unit Award $0 +6,131 $0.000000 6,131 28 Jul 2022 Common Stock 6,131 Direct F2, F3, F4, F5
transaction INTU Restricted Stock Unit(performance-based vesting) Award $0 +11,670 $0.000000 11,670 28 Jul 2022 Common Stock 11,670 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 25% of the Restricted Stock Units will vest on 7/1/2023; thereafter, 6.25% of the Restricted Stock Units will vest on each of October 1. December 31, April 1, and July 1 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).