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INTUIT INC. — Director's Dealing 2021
Aug 3, 2021
29790_dirs_2021-08-02_e28dfc67-b6cd-45bb-a8c7-e1c90f20a1bc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUIT INC (INTU)
CIK: 0000896878
Period of Report: 2021-07-29
Reporting Person: McLean Kerry J (EVP, Gen. Counsel & Corp. Sec.)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-07-29 | Non-Qualified Stock Option (right to buy) | $525.51 | A | 12280 | Acquired | 2028-07-28 | Common Stock (12280) | Direct |
| 2021-07-29 | Restricted Stock Unit | $ | A | 2855 | Acquired | Common Stock (2855) | Direct | |
| 2021-07-29 | Restricted Stock Unit - performance based vesting | $ | A | 5611 | Acquired | Common Stock (5611) | Direct |
Footnotes
F1: Represents first vesting date for this stock option grant. 25% of the stock options granted will vest on 7/29/2022 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: Represents first vesting date for these restricted stock units. 12.5% of the restricted stock units will vest on 12/31/2021; thereafter 6.25% of the restricted stock units will vest on each of April 1, July 1, October 1, and December 31, following the first vest date 12/31/2021, 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 9/1/2024. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock.
F7: Represents vesting date for these restricted stock units - performance based vesting.