Intuit said its board approved the amended Non-Employee Director Compensation Program on October 31, 2024, with the program effective January 23, 2025.

1. 01

   Intuit said its board approved the amended Non-Employee Director Compensation Program on October 31, 2024, with the program effective January 23, 2025.

2. 02

   The company said non-employee directors will automatically receive restricted stock units after each annual meeting of stockholders, equal in number to $280,000 divided by the closing stock price, and the board chair will receive units equal in number to $350,000 divided by the closing stock price. The grant date will be the first business day after the annual meeting.

3. 03

   Intuit said annual grants generally vest in full on the first business day of the 12th month after the grant date, and fully vest upon the death or disability of a director or a Corporate Transaction. Payment is automatically deferred until the earliest of five years from the grant date, termination, or a Corporate Transaction.

4. 04

   Intuit said the annual cash compensation for non-employee directors is $75,000 and the annual cash retainer for the board chair is $90,000. The Chair of the Audit and Risk Committee receives $52,500 and each Member receives $20,000, with annual retainers paid in four equal installments.

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