Intuit Equity FAQ

Intuit RSUs follow a 4-year vesting schedule with a 1-year cliff. You'll receive 25% of your grant after the first year (typically on July 1), then 6.25% quarterly thereafter on a set schedule (October 1, December 31, April 1, and July 1). This means you'll vest the remaining 75% evenly over the next three years through quarterly releases.

Yes, Intuit offers an ESPP with a 15% discount on the stock price and a lookback provision. You can contribute up to 15% of your eligible compensation to purchase Intuit stock at a discount. The lookback feature allows you to purchase at the lower price between the beginning and end of the offering period.

Intuit NSOs vest over approximately 3 years with a 1-year cliff. You'll receive 25% of your options after the first anniversary of your grant date, then 2.125% monthly thereafter until fully vested. Early exercise is not allowed, so you must wait until options vest before exercising them.

When RSUs vest, shares are automatically withheld to cover taxes, and you can sell the remaining shares immediately. Be aware that brokerages sometimes incorrectly report RSU cost basis as $0 on Form 1099-B, which could result in double taxation if not corrected. Your actual cost basis is the fair market value on the vesting date, which was already taxed as income.

Yes, RSUs are taxed as ordinary income when they vest, based on the stock's fair market value on the vesting date. Intuit typically withholds 22% for federal taxes by default (or 37% for supplemental income), but this may not cover your full tax liability depending on your tax bracket. You can adjust your withholding rate, and you should plan for potential additional taxes owed at year-end to avoid surprises.

Yes, Intuit offers a generous 401(k) match of 125% on the first 6% of your contributions, up to a maximum of $10,000 annually. The match vests immediately with no waiting period. Intuit also offers Roth 401(k) options, after-tax contributions for mega backdoor Roth conversions, and a brokerage window through Charles Schwab.

If you have NSOs (non-qualified stock options), you typically have 90 days after leaving Intuit to exercise any vested options. Options expire 7 years from the grant date. Any unvested options are generally forfeited when you leave the company, so consider your vesting status before making employment decisions.

Yes, Intuit provides annual RSU equity grants (stock refreshers) based on your performance review. The size of these refreshers varies based on your performance rating and level. These refresher grants follow the same 4-year vesting schedule as your initial equity grant.