Intuit EVP Anton Hanebrink Receives RSUs; Withholds Shares for Taxes

What Happened

• Anton Hanebrink, EVP, Corporate Strategy & Development at Intuit (INTU), had 5,247 performance-based restricted stock units convert to common shares on 2026-09-01 (reported on a Form 4 filed 2026-09-03).
• To satisfy tax withholding, 2,720.571 of those shares were surrendered/withheld at a fair market value of $359.30 per share, totaling $977,501. The net shares retained from the vesting are 2,526.429 shares (5,247 − 2,720.571).
• This was a vesting/conversion of equity awards (derivative conversion) with a routine sell-to-cover (tax withholding), not an open-market sale or a cash purchase.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely).
• Vesting/conversion: 5,247 shares (transaction code M — exercise/conversion of derivative).
• Tax withholding/disposition: 2,720.571 shares withheld/disposed at $359.30 each, totaling $977,501 (transaction code F — payment of tax liability).
• Net shares retained from the vesting: 2,526.429 shares.
• Footnotes: FMV refers to the trading-day fair market value (F1). These units were performance-based RSUs from the 7/27/2023 grant tied to TSR objectives and were released/vested on the reported date (F3–F5).
• Shares owned after the transaction are not specified in the supplied filing.

Context

• This is compensation-related (performance RSU vesting) with a routine sell-to-cover to meet tax obligations, not an active directional trade by the insider. Such withholdings are common and do not necessarily signal the insider’s view of the stock.
• For retail investors, purchases by insiders are generally more informative than grants/withholdings; this filing documents award vesting and tax withholding rather than a discretionary buy or sell.