secwatch.observer — SEC 8-K summary
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Issuer:     INTUIT INC. (INTU)
CIK:        0000896878
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000896878-24-000041
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896878/000089687824000041/0000896878-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896878/000089687824000041/intu-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000896878-24-000041

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