Intuit (INTU) CFO Sandeep Aujla Receives RSU Awards

What Happened

• Sandeep Aujla, EVP and Chief Financial Officer of Intuit (INTU), received two restricted stock unit (RSU) awards on July 23, 2026: 32,606 RSUs (time‑based) and 27,086 RSUs (performance‑based), reported with an acquisition price of $0 (standard for equity awards).
• These are derivative awards (RSUs) that convert 1‑for‑1 into Intuit common shares upon vesting; the filing does not report a cash value or immediate share sale.

Key Details

• Transaction date: July 23, 2026; Form 4 filed July 27, 2026.
• Awards: 32,606 RSUs (time‑based) and 27,086 RSUs (performance‑based); total = 59,692 RSUs. Reported acquisition price: $0.00 (grant).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • Dividend equivalents accrue on the underlying shares and will be paid in cash when the RSUs vest (F1).
  • RSUs convert 1-for-1 to shares (F2) and do not expire — they either vest or are canceled prior to vesting (F4).
  • Time‑based schedule (applies to the time‑based award): 25% vests July 1, 2027; then 6.25% vests each Oct 1, Dec 31, Apr 1 and July 1 thereafter until fully vested (F3).
  • Performance award (applies to the performance‑based award): target units are shown; actual payout may be 0–200% of target depending on total shareholder return performance, with vesting on Sept 1, 2029 (F5, F6).
• Filing timeliness: Form 4 was filed 4 days after the reported grant date (filed July 27 for July 23 transactions); the filing shows the grant date and the filing date but does not indicate any late‑filing notation in the supplied data.

Context

• These are grants (awards), not open‑market purchases or sales, so they reflect compensation and incentive alignment rather than an insider buying or selling stock. Performance units depend on future TSR results and may pay nothing or up to double the target units. Dividend equivalents on RSUs are common and paid in cash upon vesting.