Intuit amends non-employee director compensation: higher equity grants and cash retainers effective Jan 2025

INTUIT INC.

Annual RSU grant for directors increased to $280,000; Chair receives $350,000, vesting over 12 months.
Cash retainers: Board member $75,000, Chair $90,000 plus committee chair/member fees (e.g., Audit Chair $52,500).
Directors must hold stock worth 10x annual cash retainer within 5 years of joining board.
Cash retainers may be deferred into RSUs; all RSUs defer until 5 years, termination, or corporate transaction.
Effective January 23, 2025; approved by Board on October 31, 2024.

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