Tyler Ralph Cozzens, Executive Vice President, General Counsel and Corporate Secretary of Intuit Inc. (NASDAQ:INTU), filed a Form 4 on September 3, 2026, reporting transactions in Intuit common stock on September 1, 2026.

Key Highlights

  • RSU vesting: 1,859 performance-based restricted stock units, originally granted on 7/27/2023, vested and were converted to common stock on 09/01/2026 at a price of $0.
  • Tax withholding disposition: 767.585 shares were disposed of at $359.30 per share to cover tax obligations associated with the vesting event.
  • Resulting ownership: Following the transactions, Cozzens directly held 7,304.79 shares of Intuit common stock.
  • Performance conditions: According to the filing, the vested units related to "achievement of certain total shareholder return objectives."
  • Remaining derivative securities: No performance-based restricted stock units remain beneficially owned following the reported transactions.

Intuit General Counsel's Performance RSUs Vest and Shares Withheld for Taxes

According to the Form 4 filed with the SEC, Tyler Ralph Cozzens, serving as EVP, General Counsel and Corporate Secretary at Intuit Inc., reported two transactions in Intuit common stock, both dated September 1, 2026. The transactions stemmed from the vesting of performance-based restricted stock units originally awarded on July 27, 2023.

The filing discloses that 1,859 performance-based restricted stock units converted to 1,859 shares of common stock (on a 1-for-1 basis) via transaction code "M," at a price of $0. The filing notes these units vested in connection with "achievement of certain total shareholder return objectives." Following the conversion, 767.585 shares were disposed of via transaction code "F," at a price of $359.30 per share, which the filing describes as the "fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction." This type of "F" transaction is commonly used to satisfy tax withholding obligations upon vesting, as indicated by the transaction code designation in the filing.

After both transactions, Cozzens directly held 7,304.79 shares of Intuit common stock. The filing further notes that performance-based restricted stock units "do not expire; they either vest or are canceled prior to vesting date," and that no such units remain in Cozzens's holdings following these events. The form was signed by Erick Rivero under power-of-attorney and filed on September 3, 2026.

What Was Disclosed

The filing reports the vesting of 1,859 performance-based RSUs granted in July 2023 and the withholding of 767.585 shares at $359.30 each for taxes, leaving Cozzens with a direct holding of 7,304.79 Intuit common shares.